Vanguard Group Inc. Has $299.42 Million Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Vanguard Group Inc. increased its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,422,511 shares of the financial services provider’s stock after purchasing an additional 110,367 shares during the quarter. Vanguard Group Inc. owned approximately 8.40% of FTAI Aviation worth $299,420,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FTAI. BlackRock Inc. increased its position in FTAI Aviation by 291.1% during the 2nd quarter. BlackRock Inc. now owns 6,706,655 shares of the financial services provider’s stock worth $212,333,000 after purchasing an additional 4,991,674 shares in the last quarter. FMR LLC increased its position in FTAI Aviation by 179.7% in the 3rd quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock valued at $221,014,000 after acquiring an additional 3,994,578 shares during the period. Ameriprise Financial Inc. increased its position in FTAI Aviation by 131.9% in the 1st quarter. Ameriprise Financial Inc. now owns 2,627,978 shares of the financial services provider’s stock valued at $73,478,000 after acquiring an additional 1,494,515 shares during the period. State Street Corp increased its position in FTAI Aviation by 307.0% in the 2nd quarter. State Street Corp now owns 1,915,031 shares of the financial services provider’s stock valued at $60,630,000 after acquiring an additional 1,444,455 shares during the period. Finally, Shay Capital LLC increased its position in FTAI Aviation by 2,904.7% in the 4th quarter. Shay Capital LLC now owns 1,051,630 shares of the financial services provider’s stock valued at $18,004,000 after acquiring an additional 1,016,630 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FTAI. Barclays upped their price target on shares of FTAI Aviation from $52.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Morgan Stanley upped their price target on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Benchmark increased their price objective on shares of FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Stifel Nicolaus reiterated a “hold” rating and set a $59.00 price objective (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Finally, StockNews.com upgraded shares of FTAI Aviation from a “sell” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.45.

FTAI Aviation Stock Up 0.0 %

Shares of NYSE FTAI opened at $66.72 on Thursday. The firm has a market cap of $6.69 billion, a PE ratio of 31.77 and a beta of 1.89. FTAI Aviation Ltd. has a 12-month low of $23.84 and a 12-month high of $67.35. The company’s fifty day simple moving average is $56.34 and its 200 day simple moving average is $45.88.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.72. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. The firm had revenue of $312.74 million for the quarter, compared to analyst estimates of $310.04 million. During the same period last year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.43 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Thursday, March 7th. FTAI Aviation’s dividend payout ratio (DPR) is 57.14%.

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.