Edgestream Partners L.P. Purchases New Position in FTAI Aviation Ltd. (NYSE:FTAI)

Edgestream Partners L.P. acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 46,771 shares of the financial services provider’s stock, valued at approximately $6,216,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brown Brothers Harriman & Co. bought a new position in shares of FTAI Aviation during the third quarter valued at approximately $26,000. Arcadia Investment Management Corp MI purchased a new position in FTAI Aviation during the 2nd quarter valued at $33,000. Farther Finance Advisors LLC raised its holdings in FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of FTAI Aviation in the 2nd quarter worth about $59,000. Finally, Raymond James Trust N.A. bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $200,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

NYSE:FTAI opened at $168.82 on Friday. The firm has a market cap of $17.31 billion, a P/E ratio of -1,688.03 and a beta of 2.04. FTAI Aviation Ltd. has a fifty-two week low of $40.29 and a fifty-two week high of $177.18. The firm has a 50-day simple moving average of $147.58 and a two-hundred day simple moving average of $117.82.

FTAI Aviation (NYSE:FTAI) last announced 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 firm had revenue of $465.80 million for 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%. FTAI Aviation’s revenue was up 60.0% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. On average, equities research analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio is currently -1,199.88%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Benchmark increased their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research report on Friday, November 1st. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Finally, Compass Point boosted their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price 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.