Ensign Peak Advisors Inc Boosts Position in FTAI Aviation Ltd. (NYSE:FTAI)

Ensign Peak Advisors Inc lifted its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 55.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 307,562 shares of the financial services provider’s stock after acquiring an additional 109,310 shares during the period. Ensign Peak Advisors Inc owned 0.31% of FTAI Aviation worth $31,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of FTAI. Arcadia Investment Management Corp MI acquired a new stake in shares of FTAI Aviation during the 2nd quarter worth about $33,000. Ridgewood Investments LLC acquired a new stake in shares of FTAI Aviation during the 2nd quarter worth about $59,000. Tucker Asset Management LLC increased its position in shares of FTAI Aviation by 726.5% during the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,453 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of FTAI Aviation during the 4th quarter worth about $109,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of FTAI Aviation by 165.0% during 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 during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FTAI shares. Benchmark raised their price objective on FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Morgan Stanley lifted their target price on FTAI Aviation from $105.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $132.00 in a research report on Friday, July 26th. Royal Bank of Canada lifted their target price on FTAI Aviation from $120.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.09.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $130.39 on Monday. FTAI Aviation Ltd. has a one year low of $32.66 and a one year high of $132.94. The company has a market cap of $13.07 billion, a PE ratio of 59.54 and a beta of 2.04. The business has a 50-day simple moving average of $113.52 and a 200-day simple moving average of $91.16.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). The business had revenue of $443.59 million for the quarter, compared to analysts’ expectations of $361.92 million. FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 2.13 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Aviation’s payout ratio is 54.79%.

FTAI Aviation 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.