Oak Thistle LLC Buys New Stake in FTAI Aviation Ltd. $FTAI

Oak Thistle LLC purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the 3rd quarter, Holdings Channel reports. The firm purchased 16,375 shares of the financial services provider’s stock, valued at approximately $2,732,000.

Other institutional investors also recently made changes to their positions in the company. Rubric Capital Management LP lifted its position in shares of FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after acquiring an additional 749,080 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in FTAI Aviation by 67.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after purchasing an additional 1,238,294 shares during the last quarter. Wellington Management Group LLP lifted its holdings in FTAI Aviation by 159.6% in the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock valued at $260,658,000 after purchasing an additional 1,443,440 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in FTAI Aviation by 5.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock valued at $246,718,000 after purchasing an additional 119,237 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of FTAI Aviation by 1.2% in the second quarter. Westfield Capital Management Co. LP now owns 1,915,411 shares of the financial services provider’s stock valued at $220,349,000 after buying an additional 22,960 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price of $153.89 per share, with a total value of $670,037.06. Following the purchase, the chief operating officer owned 4,354 shares in the company, valued at approximately $670,037.06. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FTAI. Royal Bank Of Canada raised their target price on shares of FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Jones Trading started coverage on FTAI Aviation in a research note on Friday, October 10th. They set a “buy” rating and a $306.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of FTAI Aviation in a report on Monday. Wall Street Zen downgraded FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Barclays increased their target price on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $203.63.

FTAI Aviation Stock Down 1.2%

FTAI stock opened at $168.63 on Wednesday. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 38.50 and a beta of 1.56. The business has a fifty day simple moving average of $169.29 and a 200-day simple moving average of $150.05. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). The firm had revenue of $667.06 million for the quarter, compared to analyst estimates of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The business’s revenue was up 43.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. As a group, analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were issued a $0.35 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.40 annualized dividend and a yield of 0.8%. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.96%.

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.