DNB Asset Management AS Takes Position in FTAI Aviation Ltd. $FTAI

DNB Asset Management AS acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,774 shares of the financial services provider’s stock, valued at approximately $296,000.

Several other large investors also recently bought and sold shares of the business. Mather Group LLC. bought a new position in FTAI Aviation during the 3rd quarter valued at about $28,000. Global Retirement Partners LLC boosted its holdings in FTAI Aviation by 880.0% in the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 308 shares during the last quarter. GAMMA Investing LLC grew its position in FTAI Aviation by 22.7% in the 3rd quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 97 shares during the period. Rossby Financial LCC raised its stake in FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after buying an additional 65 shares during the last quarter. Finally, Assetmark Inc. raised its stake in FTAI Aviation by 15.8% during 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. 88.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FTAI shares. Barclays raised their price target on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Citizens Jmp boosted their price target on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research note on Thursday, January 29th. Morgan Stanley upped their price target on shares of FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Wolfe Research restated an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a research report on Wednesday, December 31st. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $292.22.

FTAI Aviation Trading Up 0.4%

FTAI Aviation stock opened at $282.91 on Thursday. FTAI Aviation Ltd. has a 12-month low of $81.45 and a 12-month high of $323.51. The firm has a market capitalization of $29.02 billion, a price-to-earnings ratio of 61.24, a P/E/G ratio of 1.14 and a beta of 1.50. The firm has a 50 day moving average of $262.91 and a 200 day moving average of $200.31. The company has a current ratio of 5.28, a quick ratio of 3.27 and a debt-to-equity ratio of 10.32.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $662.03 million during the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 earnings per share. As a group, research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 13th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 13th. FTAI Aviation’s dividend payout ratio is presently 30.30%.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.