Sara Bay Financial Takes Position in FTAI Aviation Ltd. (NYSE:FTAI)

Sara Bay Financial bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,799 shares of the financial services provider’s stock, valued at approximately $547,000.

Other large investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new stake in FTAI Aviation during the third quarter worth $26,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation during the third quarter worth $31,000. Farther Finance Advisors LLC lifted its holdings in FTAI Aviation by 118.1% during the third 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 period. USA Financial Formulas bought a new stake in FTAI Aviation during the fourth quarter worth $93,000. Finally, Raymond James Trust N.A. bought a new stake in shares of FTAI Aviation in the third quarter valued at $200,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

FTAI Aviation stock traded down $7.62 during midday trading on Friday, hitting $112.38. 5,547,011 shares of the company’s stock were exchanged, compared to its average volume of 1,469,505. FTAI Aviation Ltd. has a 52-week low of $48.63 and a 52-week high of $181.64. The stock has a 50-day moving average price of $150.50 and a two-hundred day moving average price of $132.28. The company has a market cap of $11.52 billion, a P/E ratio of -1,123.69 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last posted its earnings results 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 return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. FTAI Aviation’s quarterly revenue was up 60.0% compared to the same quarter last year. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced 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. This represents a $1.20 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,199.88%.

Wall Street Analysts Forecast Growth

FTAI has been the topic of several research reports. Stifel Nicolaus boosted their target price on FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. BTIG Research boosted their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Benchmark boosted their target price on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Compass Point boosted their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group boosted their target price on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $177.33.

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.