Argent Trust Co Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Argent Trust Co purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,000 shares of the financial services provider’s stock, valued at approximately $723,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of FTAI Aviation by 107.6% during the 4th quarter. Principal Financial Group Inc. now owns 98,096 shares of the financial services provider’s stock valued at $4,552,000 after acquiring an additional 50,834 shares during the period. ClariVest Asset Management LLC acquired a new position in shares of FTAI Aviation during the first quarter valued at about $1,802,000. Price T Rowe Associates Inc. MD boosted its position in shares of FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after purchasing an additional 813,311 shares in the last quarter. Orchard Capital Management LLC grew its stake in shares of FTAI Aviation by 4.4% in the 4th quarter. Orchard Capital Management LLC now owns 314,708 shares of the financial services provider’s stock valued at $14,602,000 after buying an additional 13,268 shares during the period. Finally, Entropy Technologies LP bought a new stake in FTAI Aviation in the 1st quarter valued at about $340,000. 88.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on FTAI. Citigroup raised their price objective on FTAI Aviation from $81.00 to $99.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. BTIG Research initiated coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They set a “buy” rating and a $140.00 price target for the company. Benchmark upped their price objective on shares of FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, August 16th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Finally, Barclays upped their target price on shares of FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and a consensus target price of $126.09.

FTAI Aviation Stock Up 3.0 %

FTAI Aviation stock opened at $130.22 on Friday. The stock has a market cap of $13.05 billion, a P/E ratio of 59.46 and a beta of 2.04. The company’s 50 day moving average price is $112.20 and its two-hundred day moving average price is $89.92. FTAI Aviation Ltd. has a 52 week low of $32.66 and a 52 week high of $132.41.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data 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 during 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, equities analysts anticipate that FTAI Aviation Ltd. will post 2.13 EPS for the current year.

FTAI Aviation Announces Dividend

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