FTAI Aviation Ltd. (NYSE:FTAI) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 19.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,700 shares of the financial services provider’s stock after acquiring an additional 2,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in FTAI Aviation were worth $775,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in FTAI Aviation by 1.3% in the third quarter. Vanguard Group Inc. now owns 8,422,511 shares of the financial services provider’s stock valued at $299,420,000 after buying an additional 110,367 shares in the last quarter. FMR LLC boosted its stake in FTAI Aviation by 179.7% during the 3rd quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock worth $221,014,000 after purchasing an additional 3,994,578 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of FTAI Aviation by 36.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock worth $97,286,000 after buying an additional 736,400 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of FTAI Aviation by 1.2% during the third quarter. Ameriprise Financial Inc. now owns 2,657,619 shares of the financial services provider’s stock worth $94,478,000 after buying an additional 31,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of FTAI Aviation by 9.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 970,421 shares of the financial services provider’s stock valued at $34,498,000 after buying an additional 82,863 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Up 2.6 %

Shares of FTAI opened at $72.59 on Tuesday. The company’s 50-day moving average price is $64.30 and its 200 day moving average price is $51.70. FTAI Aviation Ltd. has a 12-month low of $26.79 and a 12-month high of $74.99. The firm has a market cap of $7.28 billion, a P/E ratio of 33.15 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 210.66%. The company had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. During the same period last year, the firm posted $0.22 earnings per share. FTAI Aviation’s revenue was up 11.6% on a year-over-year basis. Equities research analysts forecast that FTAI Aviation Ltd. will post 2.49 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, May 9th. FTAI Aviation’s dividend payout ratio (DPR) is 54.79%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FTAI. Barclays upped their price objective on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Compass Point increased their price target on FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley boosted their price objective on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. JMP Securities raised their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Monday. Finally, Benchmark raised 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.17.

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.