RiverPark Advisors LLC Boosts Stake in FTAI Aviation Ltd. (NYSE:FTAI)

RiverPark Advisors LLC increased its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 115.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,231 shares of the financial services provider’s stock after acquiring an additional 2,270 shares during the quarter. RiverPark Advisors LLC’s holdings in FTAI Aviation were worth $562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FTAI. Arcadia Investment Management Corp MI purchased a new position in shares of FTAI Aviation during the second quarter worth $33,000. Farther Finance Advisors LLC grew its position in shares of 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 during the period. Ridgewood Investments LLC acquired a new stake in shares of FTAI Aviation in the second quarter valued at about $59,000. EverSource Wealth Advisors LLC grew its position in shares of FTAI Aviation by 165.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 1,790 shares during the period. Finally, Profund Advisors LLC acquired a new stake in shares of FTAI Aviation in the second quarter valued at about $205,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FTAI. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. JMP Securities boosted their price target on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 25th. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Barclays boosted their price target on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.09.

FTAI Aviation Trading Up 0.5 %

Shares of FTAI Aviation stock opened at $158.44 on Friday. The company has a fifty day simple moving average of $139.08 and a 200-day simple moving average of $112.31. FTAI Aviation Ltd. has a 12-month low of $40.29 and a 12-month high of $166.00. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 65.47 and a beta of 2.04.

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

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.76%. FTAI Aviation’s payout ratio is currently -1,199.88%.

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.