CIBC Bancorp USA Inc. Buys Shares of 46,840 FTAI Aviation Ltd. $FTAI

CIBC Bancorp USA Inc. bought a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,840 shares of the financial services provider’s stock, valued at approximately $7,816,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rossby Financial LCC raised its position in shares of FTAI Aviation by 13.6% in the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 65 shares in the last quarter. Assetmark Inc. raised its holdings in FTAI Aviation by 11.0% in the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 70 shares in the last quarter. CWM LLC raised its holdings in FTAI Aviation by 6.8% in the third quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 74 shares in the last quarter. Brookstone Capital Management lifted its position in shares of FTAI Aviation by 2.5% during the third quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock valued at $515,000 after buying an additional 75 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of FTAI Aviation by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock valued at $374,000 after buying an additional 76 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Down 4.2%

Shares of FTAI Aviation stock opened at $230.15 on Friday. FTAI Aviation Ltd. has a 52-week low of $81.45 and a 52-week high of $323.51. The company has a 50 day moving average of $272.36 and a 200 day moving average of $208.34. 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 capitalization of $23.61 billion, a P/E ratio of 49.82, a P/E/G ratio of 0.97 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results 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 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%.FTAI Aviation’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 firm earned $0.84 EPS. As a group, research analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, March 13th. FTAI Aviation’s dividend payout ratio is currently 34.63%.

Analyst Ratings Changes

FTAI has been the topic of several research reports. Barclays upped their target price on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. BTIG Research increased their target price on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Morgan Stanley raised 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. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a research note on Wednesday, December 31st. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.