Atom Investors LP Makes New $4.49 Million Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Atom Investors LP purchased a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,790 shares of the financial services provider’s stock, valued at approximately $4,491,000.

A number of other large investors also recently modified their holdings of FTAI. Brown Brothers Harriman & Co. bought a new position in FTAI Aviation in the 3rd quarter valued at about $26,000. Arcadia Investment Management Corp MI bought a new position in shares of FTAI Aviation in the second quarter valued at approximately $33,000. Farther Finance Advisors LLC boosted its holdings in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of FTAI Aviation during the second quarter valued at approximately $59,000. Finally, Raymond James Trust N.A. bought a new stake in FTAI Aviation during the third quarter worth approximately $200,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FTAI has been the subject of a number of research reports. Jefferies Financial Group increased their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Citigroup boosted their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Barclays lifted their price objective on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, BTIG Research began coverage on shares of FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 target price for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average target price of $162.09.

FTAI Aviation Stock Performance

NYSE FTAI opened at $168.82 on Monday. The firm’s 50 day moving average price is $148.35 and its two-hundred day moving average price is $118.74. FTAI Aviation Ltd. has a twelve month low of $40.29 and a twelve month high of $177.18. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of -1,688.03 and a beta of 2.04.

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 Announces Dividend

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 of this dividend 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 -1,199.88%.

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.