Orion Portfolio Solutions LLC Increases Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Orion Portfolio Solutions LLC boosted its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,634 shares of the financial services provider’s stock after purchasing an additional 102 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in FTAI Aviation were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation in the third quarter valued at approximately $26,000. Arcadia Investment Management Corp MI purchased a new stake in FTAI Aviation in the second quarter valued at approximately $33,000. Farther Finance Advisors LLC raised its stake in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 189 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in FTAI Aviation in the second quarter valued at approximately $59,000. Finally, Raymond James Trust N.A. purchased a new stake in FTAI Aviation in the third quarter valued at approximately $200,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on FTAI. Benchmark increased their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group increased their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Compass Point increased their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Barclays raised their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $168.45.

FTAI Aviation Stock Down 0.4 %

NYSE:FTAI opened at $130.15 on Wednesday. The stock has a market cap of $13.35 billion, a P/E ratio of -1,301.50 and a beta of 2.06. The firm’s fifty day simple moving average is $151.98 and its 200 day simple moving average is $124.68. FTAI Aviation Ltd. has a twelve month low of $44.15 and a twelve month high of $177.18.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business’s revenue was up 60.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. On average, analysts expect that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is currently -1,200.00%.

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.