Everence Capital Management Inc. Invests $203,000 in FTAI Aviation Ltd. (NYSE:FTAI)

Everence Capital Management Inc. acquired a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,410 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of FTAI Aviation by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after purchasing an additional 182,252 shares in the last quarter. Franklin Resources Inc. raised its position in FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after acquiring an additional 208,613 shares in the last quarter. Tidal Investments LLC raised its position in FTAI Aviation by 64.7% during the third quarter. Tidal Investments LLC now owns 23,652 shares of the financial services provider’s stock valued at $3,143,000 after acquiring an additional 9,293 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in FTAI Aviation in the third quarter valued at approximately $478,000. Finally, Anchor Investment Management LLC bought a new stake in FTAI Aviation in the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

FTAI has been the subject of several analyst reports. Benchmark lifted their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. Jefferies Financial Group boosted their target price on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Stifel Nicolaus increased their price target on FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $176.18.

FTAI Aviation Trading Up 5.5 %

Shares of FTAI Aviation stock opened at $168.78 on Thursday. The company has a market cap of $17.31 billion, a price-to-earnings ratio of -1,687.63 and a beta of 2.09. FTAI Aviation Ltd. has a 1 year low of $46.20 and a 1 year high of $177.18. The company’s fifty day simple moving average is $150.51 and its 200-day simple moving average is $130.36.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data 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). The company had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. As a group, research analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.71%. FTAI Aviation’s dividend payout ratio (DPR) is -1,200.00%.

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.