Aristotle Capital Boston LLC Raises Stock Holdings in FTAI Aviation Ltd. $FTAI

Aristotle Capital Boston LLC raised its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 37.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,209 shares of the financial services provider’s stock after acquiring an additional 6,055 shares during the quarter. Aristotle Capital Boston LLC’s holdings in FTAI Aviation were worth $3,706,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in FTAI Aviation during the first quarter worth approximately $242,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in FTAI Aviation during the 2nd quarter valued at approximately $543,000. Allworth Financial LP raised its stake in shares of FTAI Aviation by 737.1% in the second quarter. Allworth Financial LP now owns 1,398 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 1,231 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in FTAI Aviation by 378.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 97,834 shares of the financial services provider’s stock worth $11,255,000 after purchasing an additional 77,381 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of FTAI Aviation by 41.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,656 shares of the financial services provider’s stock valued at $1,111,000 after purchasing an additional 2,829 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $222.24 on Monday. The company has a quick ratio of 2.30, a current ratio of 5.28 and a debt-to-equity ratio of 10.32. The company has a market cap of $22.80 billion, a P/E ratio of 48.10, a P/E/G ratio of 0.90 and a beta of 1.50. FTAI Aviation Ltd. has a 52 week low of $81.45 and a 52 week high of $323.51. The business has a fifty day simple moving average of $272.50 and a 200-day simple moving average of $206.20.

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

FTAI Aviation Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Barclays boosted their price target on shares of 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 lifted their price target on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Royal Bank Of Canada increased their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.78.

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.