3,799 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Bought by Sara Bay Financial

Sara Bay Financial bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,799 shares of the financial services provider’s stock, valued at approximately $547,000.

Several other large investors have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC raised its position in FTAI Aviation by 2.9% in the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 102 shares during the last quarter. Merit Financial Group LLC raised its position in shares of FTAI Aviation by 2.5% during the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock worth $613,000 after acquiring an additional 105 shares during the last quarter. MML Investors Services LLC raised its position in shares of FTAI Aviation by 6.3% during the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 129 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of FTAI Aviation by 5.8% during the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after acquiring an additional 145 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of FTAI Aviation by 8.5% during the fourth quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 172 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Trading Down 6.4 %

NYSE FTAI traded down $7.62 during trading hours on Friday, hitting $112.38. 5,547,011 shares of the company’s stock were exchanged, compared to its average volume of 1,469,505. FTAI Aviation Ltd. has a 1-year low of $48.63 and a 1-year high of $181.64. The stock has a 50-day simple moving average of $150.50 and a 200 day simple moving average of $132.28. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of -1,123.69 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same period last year, the business posted $0.33 EPS. The company’s revenue was up 60.0% on a year-over-year basis. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FTAI. Citigroup raised their price objective on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Benchmark raised their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price objective 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. Finally, BTIG Research raised their price objective on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $177.33.

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.