FTAI Aviation Ltd. (NYSE:FTAI) Stake Lifted by O Neil Global Advisors Inc.

O Neil Global Advisors Inc. raised its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 269.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 19,753 shares of the financial services provider’s stock after buying an additional 14,406 shares during the quarter. FTAI Aviation makes up about 1.0% of O Neil Global Advisors Inc.’s investment portfolio, making the stock its 19th largest holding. O Neil Global Advisors Inc.’s holdings in FTAI Aviation were worth $2,039,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Truist Financial Corp bought a new stake in FTAI Aviation during the 4th quarter valued at $273,000. Private Advisor Group LLC grew its position in FTAI Aviation by 23.2% in the 4th quarter. Private Advisor Group LLC now owns 11,433 shares of the financial services provider’s stock valued at $530,000 after buying an additional 2,153 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in FTAI Aviation by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,042,325 shares of the financial services provider’s stock valued at $48,364,000 after buying an additional 71,904 shares during the period. Jump Financial LLC bought a new stake in shares of FTAI Aviation during the 4th quarter worth about $862,000. Finally, Principal Financial Group Inc. lifted its stake in shares of FTAI Aviation by 107.6% in the 4th quarter. Principal Financial Group Inc. now owns 98,096 shares of the financial services provider’s stock worth $4,552,000 after acquiring an additional 50,834 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Price Performance

FTAI stock opened at $125.23 on Friday. The firm has a market capitalization of $12.80 billion, a P/E ratio of 57.18 and a beta of 2.04. FTAI Aviation Ltd. has a 52-week low of $32.66 and a 52-week high of $128.45. The company’s 50 day simple moving average is $110.72 and its 200-day simple moving average is $88.24.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.13 EPS for the current fiscal 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 given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.96%. FTAI Aviation’s payout ratio is presently 54.79%.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of research analyst reports. Compass Point raised their price objective on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Benchmark raised their target price on FTAI Aviation from $100.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wolfe Research cut shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and raised their price objective for the company from $69.00 to $132.00 in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

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.