USA Financial Formulas Acquires New Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

USA Financial Formulas bought a new position in FTAI Aviation Ltd. (NYSE:FTAI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 646 shares of the financial services provider’s stock, valued at approximately $93,000.

Other large investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation in the third quarter worth about $26,000. Anchor Investment Management LLC bought a new position in shares of FTAI Aviation during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC boosted its position in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares during the last quarter. Raymond James Trust N.A. purchased a new position in shares of FTAI Aviation in the third quarter worth approximately $200,000. Finally, Everence Capital Management Inc. bought a new stake in FTAI Aviation during the fourth quarter valued at approximately $203,000. 88.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Compass Point boosted their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Barclays upped their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $177.33.

FTAI Aviation Price Performance

FTAI stock opened at $120.00 on Friday. The business has a 50-day moving average price of $151.39 and a 200 day moving average price of $132.23. FTAI Aviation Ltd. has a 1-year low of $47.21 and a 1-year high of $181.64. The company has a market capitalization of $12.31 billion, a P/E ratio of -1,199.88 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company’s revenue was up 60.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. On average, analysts anticipate that FTAI Aviation Ltd. will post 2.2 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 $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,200.00%.

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.