Wrapmanager Inc. Makes New $256,000 Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Wrapmanager Inc. bought a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,924 shares of the financial services provider’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC boosted its position in FTAI Aviation by 5.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 145 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 189 shares during the period. KBC Group NV boosted its position in shares of FTAI Aviation by 8.2% during the third quarter. KBC Group NV now owns 2,705 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 206 shares in the last quarter. Hsbc Holdings PLC grew its stake in FTAI Aviation by 2.0% in the second quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock worth $1,163,000 after purchasing an additional 216 shares during the period. Finally, Xponance Inc. raised its holdings in FTAI Aviation by 4.1% in the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. BTIG Research initiated coverage on shares of FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 target price on the stock. Jefferies Financial Group boosted their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a report on Friday, November 1st. Finally, StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Stock Up 4.9 %

Shares of NYSE FTAI opened at $171.02 on Wednesday. The firm’s 50-day moving average price is $141.22 and its 200-day moving average price is $113.86. FTAI Aviation Ltd. has a 52-week low of $40.29 and a 52-week high of $171.36. The company has a market cap of $17.54 billion, a PE ratio of -1,710.03 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation’s dividend payout ratio is -1,199.88%.

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.