Algert Global LLC Increases Stake in FTAI Aviation Ltd. $FTAI

Algert Global LLC lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 57.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,731 shares of the financial services provider’s stock after buying an additional 30,587 shares during the quarter. Algert Global LLC owned approximately 0.08% of FTAI Aviation worth $13,971,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in FTAI Aviation by 5.3% during the 3rd quarter. Alliancebernstein L.P. now owns 33,662 shares of the financial services provider’s stock worth $5,617,000 after acquiring an additional 1,696 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of FTAI Aviation by 23.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 546,765 shares of the financial services provider’s stock valued at $91,233,000 after purchasing an additional 102,187 shares in the last quarter. SummitTX Capital L.P. lifted its position in shares of FTAI Aviation by 44.2% during the 3rd quarter. SummitTX Capital L.P. now owns 3,619 shares of the financial services provider’s stock worth $604,000 after purchasing an additional 1,110 shares during the last quarter. Credit Agricole S A acquired a new position in shares of FTAI Aviation during the third quarter worth $679,000. Finally, California State Teachers Retirement System grew its stake in shares of FTAI Aviation by 0.8% during the third quarter. California State Teachers Retirement System now owns 97,472 shares of the financial services provider’s stock worth $16,264,000 after purchasing an additional 774 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $222.24 on Monday. The stock has a market capitalization of $22.80 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 0.90 and a beta of 1.50. The firm’s fifty day simple moving average is $272.50 and its 200-day simple moving average is $206.20. 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 12 month low of $81.45 and a 12 month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business 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 company’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is currently 34.63%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FTAI. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. Morgan Stanley increased their price target on shares of FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Finally, Barclays boosted their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $292.78.

FTAI Aviation 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.