FTAI Aviation Ltd. (NYSE:FTAI) Stake Increased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 16.8% in the third quarter, Holdings Channel reports. The institutional investor owned 658,200 shares of the financial services provider’s stock after acquiring an additional 94,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in FTAI Aviation were worth $87,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Foundations Investment Advisors LLC increased its stake in shares of FTAI Aviation by 5.8% in the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after buying an additional 145 shares during the last quarter. Farther Finance Advisors LLC increased its stake in FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 189 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in FTAI Aviation during the third quarter valued at $26,000. KBC Group NV increased its stake in FTAI Aviation by 8.2% during the third quarter. KBC Group NV now owns 2,705 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 206 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in FTAI Aviation by 2.0% during the second quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 2.2 %

FTAI stock opened at $171.96 on Wednesday. The company has a market capitalization of $17.63 billion, a P/E ratio of -1,719.43 and a beta of 2.04. The company has a 50-day simple moving average of $145.20 and a 200 day simple moving average of $116.50. FTAI Aviation Ltd. has a fifty-two week low of $40.29 and a fifty-two week high of $177.18.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. Equities analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.70%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is currently -1,199.88%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. BTIG Research assumed coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They set a “buy” rating and a $140.00 target price for the company. Jefferies Financial Group boosted their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Barclays boosted their target price on shares of FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Citigroup boosted their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Compass Point boosted their price target on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.09.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.