Wilmington Savings Fund Society FSB Invests $478,000 in FTAI Aviation Ltd. (NYSE:FTAI)

Wilmington Savings Fund Society FSB acquired a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,600 shares of the financial services provider’s stock, valued at approximately $478,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management acquired a new stake in FTAI Aviation in the 2nd quarter valued at about $222,000. SeaCrest Wealth Management LLC acquired a new stake in FTAI Aviation during the second quarter valued at approximately $300,000. Highland Capital Management LLC bought a new stake in FTAI Aviation during the second quarter worth approximately $248,000. Bank of New York Mellon Corp grew its position in FTAI Aviation by 18.7% in the second quarter. Bank of New York Mellon Corp now owns 404,919 shares of the financial services provider’s stock worth $41,800,000 after buying an additional 63,737 shares during the last quarter. Finally, RiverPark Advisors LLC bought a new position in shares of FTAI Aviation in the second quarter valued at $202,000. Institutional investors own 88.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FTAI. BTIG Research initiated coverage on FTAI Aviation in a research note on Monday, August 26th. They set a “buy” rating and a $140.00 price objective for the company. Compass Point increased their price target on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Barclays boosted their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Jefferies Financial Group raised their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $166.18.

FTAI Aviation Stock Down 0.8 %

FTAI stock opened at $130.64 on Tuesday. The company has a market capitalization of $13.40 billion, a price-to-earnings ratio of -1,306.40 and a beta of 2.06. The firm has a 50 day moving average of $152.30 and a two-hundred day moving average of $124.36. FTAI Aviation Ltd. has a 12 month low of $44.15 and a 12 month high of $177.18.

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

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.92%. FTAI Aviation’s payout ratio is presently -1,200.00%.

About FTAI Aviation

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.