Atria Investments Inc Raises Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Atria Investments Inc boosted its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,630 shares of the financial services provider’s stock after buying an additional 251 shares during the quarter. Atria Investments Inc’s holdings in FTAI Aviation were worth $881,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Capital International Investors bought a new stake in shares of FTAI Aviation during the first quarter valued at approximately $274,052,000. American Century Companies Inc. grew its position 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 buying an additional 924,730 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of FTAI Aviation by 1,488.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after buying an additional 813,311 shares during the period. International Assets Investment Management LLC raised its holdings in shares of FTAI Aviation by 14,553.9% in the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after acquiring an additional 560,179 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in 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 worth $608,426,000 after acquiring an additional 533,381 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 0.5 %

FTAI opened at $158.44 on Monday. The firm’s 50-day moving average price is $139.08 and its 200-day moving average price is $112.59. The company has a market cap of $16.25 billion, a P/E ratio of -1,584.40 and a beta of 2.04. FTAI Aviation Ltd. has a 52-week low of $40.29 and a 52-week high of $166.00.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the previous year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 60.0% compared to the same quarter last year. On average, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.76%. FTAI Aviation’s dividend payout ratio (DPR) is -1,200.00%.

Wall Street Analyst Weigh In

FTAI has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. BTIG Research assumed coverage on FTAI Aviation in a research report on Monday, August 26th. They set a “buy” rating and a $140.00 target price on the stock. Barclays boosted their price target on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.09.

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.