ARS Investment Partners LLC Makes New $230,000 Investment in FTAI Aviation Ltd. $FTAI

ARS Investment Partners LLC purchased a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,000 shares of the financial services provider’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds have also modified their holdings of FTAI. Assetmark Inc. grew its stake in FTAI Aviation by 15.8% in the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after buying an additional 87 shares during the last quarter. K.J. Harrison & Partners Inc boosted its holdings in FTAI Aviation by 0.3% during the second quarter. K.J. Harrison & Partners Inc now owns 29,200 shares of the financial services provider’s stock valued at $3,359,000 after acquiring an additional 100 shares during the period. Scotia Capital Inc. grew its position in shares of FTAI Aviation by 0.5% in the first quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider’s stock valued at $2,823,000 after purchasing an additional 122 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 135 shares during the period. Finally, AE Wealth Management LLC lifted its position in shares of FTAI Aviation by 6.3% during the 1st quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 145 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays upped their price target on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. JMP Securities upped their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 6th. Morgan Stanley raised their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Royal Bank Of Canada upped their price objective on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, Jones Trading began coverage on shares of FTAI Aviation in a research note on Friday, October 10th. They issued a “buy” rating and a $306.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.11.

Insider Buying and Selling

In related news, COO David Moreno purchased 4,354 shares of the stock in a transaction on Thursday, November 13th. The shares were purchased at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the transaction, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $164.99 on Thursday. The firm has a market cap of $16.92 billion, a P/E ratio of 37.67 and a beta of 1.67. The firm’s 50-day simple moving average is $169.85 and its 200-day simple moving average is $142.27. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The business had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 EPS. On average, equities analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 annualized dividend and a yield of 0.8%. FTAI Aviation’s payout ratio is currently 31.96%.

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.