Janney Montgomery Scott LLC Raises Position in FTAI Aviation Ltd. (NYSE:FTAI)

Janney Montgomery Scott LLC raised its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAIGet Rating) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,770 shares of the financial services provider’s stock after acquiring an additional 9,895 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.10% of FTAI Aviation worth $1,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of FTAI. Trust Co. of Vermont purchased a new position in shares of FTAI Aviation during the 2nd quarter worth $26,000. BlackRock Inc. purchased a new position in shares of FTAI Aviation during the 1st quarter valued at $96,000. Endurance Wealth Management Inc. lifted its stake in shares of FTAI Aviation by 600.0% during the 2nd quarter. Endurance Wealth Management Inc. now owns 7,000 shares of the financial services provider’s stock valued at $135,000 after buying an additional 6,000 shares in the last quarter. Altfest L J & Co. Inc. lifted its stake in shares of FTAI Aviation by 49.8% during the 2nd quarter. Altfest L J & Co. Inc. now owns 15,684 shares of the financial services provider’s stock valued at $303,000 after buying an additional 5,211 shares in the last quarter. Finally, OLD National Bancorp IN purchased a new position in shares of FTAI Aviation during the 2nd quarter valued at $315,000. Hedge funds and other institutional investors own 74.89% of the company’s stock.

Analysts Set New Price Targets

FTAI has been the topic of a number of analyst reports. Compass Point lowered their target price on shares of FTAI Aviation from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, September 21st. StockNews.com assumed coverage on shares of FTAI Aviation in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, Barclays lifted their price target on shares of FTAI Aviation from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, January 11th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.38.

FTAI Aviation Stock Up 1.1 %

FTAI Aviation stock opened at $22.05 on Monday. The company’s 50-day moving average price is $17.76 and its 200-day moving average price is $17.71. FTAI Aviation Ltd. has a twelve month low of $14.29 and a twelve month high of $29.54. The company has a market cap of $2.19 billion, a PE ratio of -8.45 and a beta of 1.79.

FTAI Aviation (NYSE:FTAIGet Rating) last posted its earnings results on Thursday, October 27th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.52). FTAI Aviation had a negative return on equity of 6.79% and a negative net margin of 34.65%. The business had revenue of $230.37 million during the quarter, compared to the consensus estimate of $155.11 million. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post -0.9 earnings per share for the current fiscal year.

FTAI Aviation Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Monday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.44%. FTAI Aviation’s dividend payout ratio (DPR) is presently -45.98%.

Insider Activity at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average cost of $18.00 per share, for a total transaction of $450,000.00. Following the acquisition, the chief executive officer now owns 187,616 shares of the company’s stock, valued at approximately $3,377,088. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

FTAI Aviation Company Profile

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FTAI Aviation Ltd. owns and acquires infrastructure and related 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.

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Institutional Ownership by Quarter for FTAI Aviation (NYSE:FTAI)

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