State Street Corp Grows Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

State Street Corp lifted its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,325,049 shares of the financial services provider’s stock after purchasing an additional 38,279 shares during the quarter. State Street Corp’s holdings in FTAI Aviation were worth $308,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in FTAI Aviation during the 3rd quarter valued at about $26,000. Arcadia Investment Management Corp MI bought a new stake in shares of FTAI Aviation during the second quarter valued at approximately $33,000. Farther Finance Advisors LLC raised its holdings in FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 189 shares during the last quarter. Ridgewood Investments LLC bought a new position in FTAI Aviation in the 2nd quarter valued at approximately $59,000. Finally, Raymond James Trust N.A. purchased a new stake in FTAI Aviation during the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citigroup boosted their price target on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Jefferies Financial Group upped their target price 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Finally, Benchmark lifted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $166.18.

FTAI Aviation Trading Up 0.1 %

FTAI opened at $150.00 on Wednesday. FTAI Aviation Ltd. has a 1-year low of $43.29 and a 1-year high of $177.18. The firm’s 50 day simple moving average is $152.31 and its two-hundred day simple moving average is $122.83. The company has a market capitalization of $15.38 billion, a PE ratio of -1,499.85 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last released 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). The company 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%. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. Equities analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a dividend of $0.30 per share. 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 0.80%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

FTAI Aviation Company Profile

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.