Intech Investment Management LLC Invests $3.65 Million in FTAI Aviation Ltd. (NYSE:FTAI)

Intech Investment Management LLC bought a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,475 shares of the financial services provider’s stock, valued at approximately $3,651,000.

Several other hedge funds also recently bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new position in FTAI Aviation in the 3rd quarter worth approximately $12,967,000. Avior Wealth Management LLC lifted its holdings in shares of FTAI Aviation by 101.4% in the third quarter. Avior Wealth Management LLC now owns 5,074 shares of the financial services provider’s stock worth $674,000 after buying an additional 2,555 shares in the last quarter. Wrapmanager Inc. bought a new position in shares of FTAI Aviation during the third quarter worth $256,000. RiverPark Advisors LLC grew its stake in FTAI Aviation by 115.8% during the third quarter. RiverPark Advisors LLC now owns 4,231 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 2,270 shares in the last quarter. Finally, Natixis Advisors LLC bought a new stake in FTAI Aviation in the 3rd quarter valued at $1,891,000. Institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on FTAI shares. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Compass Point raised their price target on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. BTIG Research initiated coverage on shares of FTAI Aviation in a report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price for the company. Finally, Jefferies Financial Group upped their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Two 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, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $162.09.

FTAI Aviation Trading Down 0.7 %

FTAI Aviation stock opened at $173.71 on Friday. FTAI Aviation Ltd. has a 12-month low of $40.29 and a 12-month high of $177.18. The firm has a 50-day moving average price of $144.37 and a 200-day moving average price of $115.61. The firm has a market capitalization of $17.81 billion, a PE ratio of -1,736.93 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last announced 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). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter last year, the firm earned $0.33 EPS. The firm’s quarterly revenue was up 60.0% on a year-over-year basis. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. FTAI Aviation’s 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.