CFM Wealth Partners LLC Raises Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

CFM Wealth Partners LLC increased its position in FTAI Aviation Ltd. (NYSE:FTAI) by 69.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,664 shares of the financial services provider’s stock after purchasing an additional 21,596 shares during the period. FTAI Aviation accounts for 1.4% of CFM Wealth Partners LLC’s portfolio, making the stock its 19th biggest position. CFM Wealth Partners LLC owned approximately 0.05% of FTAI Aviation worth $6,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew 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 purchasing an additional 533,381 shares during the period. Capital International Investors purchased a new stake in shares of FTAI Aviation in the first quarter worth $274,052,000. American Century Companies Inc. grew its stake in shares of FTAI Aviation by 1,923.5% in the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after acquiring an additional 924,730 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of FTAI Aviation by 159.1% in the fourth quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock worth $40,836,000 after acquiring an additional 540,379 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after acquiring an additional 813,311 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

FTAI stock opened at $145.01 on Wednesday. FTAI Aviation Ltd. has a fifty-two week low of $32.66 and a fifty-two week high of $149.74. The business’s 50-day moving average is $124.17 and its two-hundred day moving average is $100.18. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 66.21 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. The firm had revenue of $443.59 million during the quarter, compared to the consensus estimate of $361.92 million. Equities analysts predict that FTAI Aviation Ltd. will post 2.13 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is currently 54.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FTAI shares. Royal Bank of Canada increased their target price on FTAI Aviation from $120.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. StockNews.com raised FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.00 to $132.00 in a research report on Friday, July 26th. Finally, Wolfe Research cut FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.73.

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.