Victory Capital Management Inc. Raises Position in FTAI Aviation Ltd. (NYSE:FTAI)

Victory Capital Management Inc. grew its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 229.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 380,207 shares of the financial services provider’s stock after buying an additional 264,971 shares during the quarter. Victory Capital Management Inc. owned 0.37% of FTAI Aviation worth $50,530,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FTAI. Capital International Investors bought a new stake in shares of FTAI Aviation in the 1st quarter worth $274,052,000. American Century Companies Inc. raised its position in FTAI Aviation by 1,923.5% in the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after buying an additional 924,730 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in FTAI Aviation by 1,488.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after buying an additional 813,311 shares during the last quarter. International Assets Investment Management LLC lifted its stake in FTAI Aviation by 14,553.9% during the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after acquiring an additional 560,179 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of FTAI Aviation by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock valued at $608,426,000 after acquiring an additional 533,381 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Down 2.8 %

FTAI Aviation stock opened at $157.65 on Friday. FTAI Aviation Ltd. has a 12-month low of $40.29 and a 12-month high of $166.00. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of -1,576.34 and a beta of 2.04. The firm has a 50 day moving average of $138.16 and a 200 day moving average of $111.42.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same period last year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. On average, analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on FTAI. Stifel Nicolaus upgraded shares of 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. BTIG Research started coverage on FTAI Aviation in a research note on Monday, August 26th. They issued a “buy” rating and a $140.00 price target on the stock. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their target price on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research note on Friday, November 1st. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.