Everence Capital Management Inc. Purchases Shares of 1,410 FTAI Aviation Ltd. (NYSE:FTAI)

Everence Capital Management Inc. acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,410 shares of the financial services provider’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in FTAI Aviation by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after acquiring an additional 61,897 shares during the period. State Street Corp grew its position in FTAI Aviation by 1.7% in the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after buying an additional 38,279 shares in the last quarter. Westfield Capital Management Co. LP grew its position in FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after buying an additional 773,017 shares in the last quarter. JPMorgan Chase & Co. increased its stake in FTAI Aviation by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after buying an additional 182,252 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of FTAI Aviation by 10.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after buying an additional 95,200 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

NYSE FTAI opened at $168.78 on Thursday. The firm’s 50 day moving average price is $150.51 and its two-hundred day moving average price is $130.36. FTAI Aviation Ltd. has a twelve month low of $46.20 and a twelve month high of $177.18. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of -1,687.63 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. On average, research analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. FTAI Aviation’s dividend payout ratio is -1,200.00%.

Wall Street Analysts Forecast Growth

FTAI has been the subject of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. Jefferies Financial Group lifted their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Benchmark upped their price objective on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. Compass Point raised their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Citigroup upped their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $176.18.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.