Pictet Asset Management SA Takes Position in FTAI Aviation Ltd. (NYSE:FTAI)

Pictet Asset Management SA acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,689 shares of the financial services provider’s stock, valued at approximately $299,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. grew its position in shares of FTAI Aviation by 3.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 47,065 shares of the financial services provider’s stock valued at $806,000 after buying an additional 1,394 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in FTAI Aviation by 35.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,100 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 4,200 shares during the period. ARS Investment Partners LLC bought a new position in FTAI Aviation during the 1st quarter worth approximately $280,000. Arizona State Retirement System bought a new position in FTAI Aviation during the 1st quarter worth approximately $807,000. Finally, Natixis lifted its position in shares of FTAI Aviation by 2.3% in the 4th quarter. Natixis now owns 1,803,000 shares of the financial services provider’s stock worth $30,867,000 after purchasing an additional 40,400 shares during the period. 90.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FTAI. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, June 30th. StockNews.com assumed coverage on FTAI Aviation in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Barclays upped their target price on FTAI Aviation from $32.00 to $38.00 in a research report on Tuesday, July 18th. JMP Securities boosted their price target on FTAI Aviation from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, Raymond James increased their price target on FTAI Aviation from $31.00 to $37.50 and gave the stock an “outperform” rating in a report on Friday, July 28th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.44.

FTAI Aviation Stock Up 1.1 %

Shares of FTAI opened at $35.99 on Wednesday. The business’s fifty day moving average is $32.91 and its 200 day moving average is $29.03. FTAI Aviation Ltd. has a 12-month low of $14.29 and a 12-month high of $36.67. The stock has a market cap of $3.59 billion, a P/E ratio of 55.37 and a beta of 1.88.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.18. The firm had revenue of $274.35 million for the quarter, compared to analyst estimates of $286.83 million. FTAI Aviation had a net margin of 8.85% and a return on equity of 25.36%. The business’s quarterly revenue was up 144.8% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. On average, analysts expect that FTAI Aviation Ltd. will post 1.47 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Monday, August 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Friday, August 11th. FTAI Aviation’s dividend payout ratio is currently 184.62%.

FTAI Aviation Company Profile

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.