FTAI Aviation Ltd. (NYSE:FTAI) is Beck Capital Management LLC’s 6th Largest Position

Beck Capital Management LLC boosted its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 6.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,672 shares of the financial services provider’s stock after buying an additional 4,964 shares during the quarter. FTAI Aviation makes up about 2.5% of Beck Capital Management LLC’s holdings, making the stock its 6th biggest position. Beck Capital Management LLC owned about 0.09% of FTAI Aviation worth $8,947,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of FTAI Aviation by 6.3% in the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock valued at $608,426,000 after buying an additional 533,381 shares during the last quarter. Capital International Investors purchased a new stake in FTAI Aviation in the 1st quarter worth approximately $274,052,000. CIBC Private Wealth Group LLC raised its holdings in FTAI Aviation by 90.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after acquiring an additional 1,359,302 shares during the last quarter. Norges Bank purchased a new position in shares of FTAI Aviation during the 4th quarter worth $55,039,000. Finally, American Century Companies Inc. lifted its stake in shares of FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after purchasing an additional 924,730 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FTAI. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. JMP Securities increased their price objective on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. Compass Point boosted their target price on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. BTIG Research began 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 on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on FTAI Aviation from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.09.

FTAI Aviation Stock Performance

FTAI stock opened at $130.39 on Monday. The stock has a 50-day simple moving average of $113.52 and a 200-day simple moving average of $91.16. The firm has a market cap of $13.07 billion, a P/E ratio of 59.54 and a beta of 2.04. FTAI Aviation Ltd. has a 1 year low of $32.66 and a 1 year high of $132.94.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The firm had revenue of $443.59 million during the quarter, compared to analyst estimates 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 research analysts predict that FTAI Aviation Ltd. will post 2.13 EPS for the current year.

FTAI Aviation Dividend Announcement

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

About FTAI Aviation

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.