Quantbot Technologies LP Takes Position in FTAI Aviation Ltd. (NYSE:FTAI)

Quantbot Technologies LP bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 45,126 shares of the financial services provider’s stock, valued at approximately $5,997,000.

A number of other large investors have also recently bought and sold shares of FTAI. Price T Rowe Associates Inc. MD boosted its holdings in FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after purchasing an additional 813,311 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in FTAI Aviation during the first quarter worth about $775,000. Janus Henderson Group PLC raised its position in FTAI Aviation by 164.2% during the first quarter. Janus Henderson Group PLC now owns 127,103 shares of the financial services provider’s stock valued at $8,552,000 after acquiring an additional 78,991 shares in the last quarter. Cetera Advisors LLC acquired a new position in FTAI Aviation in the first quarter valued at approximately $305,000. Finally, EverSource Wealth Advisors LLC boosted its position in FTAI Aviation by 165.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 1,790 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in 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 for the company. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Citigroup increased their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Friday, November 1st. Finally, Benchmark increased their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $171.96 on Wednesday. The business has a 50 day simple moving average of $145.20 and a two-hundred day simple moving average of $116.50. The stock has a market capitalization of $17.63 billion, a P/E ratio of 69.53 and a beta of 2.04. FTAI Aviation Ltd. has a 12 month low of $40.29 and a 12 month high of $177.18.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 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 firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same period in the prior year, the company posted $0.33 earnings per share. The firm’s revenue for the quarter was up 60.0% compared to the same quarter last year. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. FTAI Aviation’s payout ratio is presently -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.