FTAI Aviation Ltd. (NYSE:FTAI) Stake Increased by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 102.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 411,476 shares of the financial services provider’s stock after buying an additional 208,613 shares during the quarter. Franklin Resources Inc.’s holdings in FTAI Aviation were worth $54,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FTAI. Orion Portfolio Solutions LLC grew its stake in FTAI Aviation by 2.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after acquiring an additional 102 shares in the last quarter. MML Investors Services LLC lifted its position in shares of FTAI Aviation by 6.3% in the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 129 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of FTAI Aviation by 5.8% during the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 145 shares during the period. Farther Finance Advisors LLC grew its position 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 in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation in the 3rd quarter valued at approximately $26,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

FTAI opened at $130.64 on Tuesday. The firm has a market cap of $13.40 billion, a P/E ratio of -1,306.40 and a beta of 2.06. The business has a 50 day moving average price of $152.30 and a 200 day moving average price of $124.36. FTAI Aviation Ltd. has a twelve month low of $44.15 and a twelve month high of $177.18.

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

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is -1,200.00%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Compass Point lifted their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Barclays lifted their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Jefferies Financial Group upped their target price on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a report on Friday, November 1st. Finally, Benchmark increased their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.18.

FTAI Aviation Profile

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.