Oppenheimer & Co. Inc. Purchases 3,449 Shares of FTAI Aviation Ltd. $FTAI

Oppenheimer & Co. Inc. purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,449 shares of the financial services provider’s stock, valued at approximately $576,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC acquired a new stake in FTAI Aviation during the third quarter worth about $235,000. Bright Futures Wealth Management LLC. lifted its holdings in FTAI Aviation by 16.2% in the third quarter. Bright Futures Wealth Management LLC. now owns 1,232 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 172 shares during the period. Signaturefd LLC acquired a new position in FTAI Aviation in the third quarter valued at approximately $148,000. Manchester Capital Management LLC purchased a new stake in FTAI Aviation in the 3rd quarter worth approximately $1,962,000. Finally, Sterling Capital Management LLC purchased a new stake in FTAI Aviation in the 3rd quarter worth approximately $39,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $179.91 on Thursday. The company has a market capitalization of $18.48 billion, a P/E ratio of 36.49, a P/E/G ratio of 1.00 and a beta of 1.55. The business’s 50 day moving average is $178.37 and its two-hundred day moving average is $231.09. The company has a current ratio of 3.82, a quick ratio of 2.07 and a debt-to-equity ratio of 7.97. FTAI Aviation Ltd. has a 12-month low of $146.48 and a 12-month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.12. The business had revenue of $977.66 million during the quarter. FTAI Aviation had a return on equity of 132.04% and a net margin of 15.46%. The firm’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. Analysts expect that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Tuesday, November 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th. FTAI Aviation’s payout ratio is presently 40.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FTAI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research note on Friday, October 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $325.00 target price on shares of FTAI Aviation in a research note on Sunday, August 2nd. Barclays decreased their target price on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a research note on Tuesday, September 15th. Royal Bank Of Canada lowered their price target on shares of FTAI Aviation from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Wednesday, October 28th. Finally, Morgan Stanley dropped their price target on shares of FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $304.38.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.