Bank of Montreal Can Has $69.35 Million Stock Position in FTAI Aviation Ltd. $FTAI

Bank of Montreal Can lifted its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 48.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 415,588 shares of the financial services provider’s stock after acquiring an additional 134,718 shares during the period. Bank of Montreal Can owned about 0.41% of FTAI Aviation worth $69,345,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. LDR Capital Management LLC purchased a new stake in shares of FTAI Aviation in the third quarter valued at $1,102,000. Asset Management One Co. Ltd. acquired a new stake in shares of FTAI Aviation in the third quarter worth $2,056,000. Diversified Trust Co purchased a new position in shares of FTAI Aviation during the third quarter valued at $2,846,000. Hiddenite Capital Partners LP raised its position in FTAI Aviation by 12.9% during the third quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider’s stock valued at $13,182,000 after buying an additional 9,000 shares during the period. Finally, JPMorgan Chase & Co. raised its position in FTAI Aviation by 396.7% during the third quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock valued at $138,730,000 after buying an additional 664,037 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on FTAI shares. Barclays raised their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Morgan Stanley raised their price target on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Wolfe Research reaffirmed an “outperform” rating and set a $225.00 price objective on shares of FTAI Aviation in a research report on Wednesday, December 31st. Finally, BTIG Research upped their price objective on shares of FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $292.22.

FTAI Aviation Stock Performance

Shares of NASDAQ FTAI opened at $237.15 on Friday. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. FTAI Aviation Ltd. has a one year low of $81.45 and a one year high of $323.51. The business’s 50-day moving average price is $272.27 and its two-hundred day moving average price is $204.90. The company has a market capitalization of $24.32 billion, a P/E ratio of 51.33, a price-to-earnings-growth ratio of 1.05 and a beta of 1.50.

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 for the quarter, compared to analysts’ expectations of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. Analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced 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 payout ratio is 30.30%.

About FTAI Aviation

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.