D.A. Davidson & CO. Buys New Shares in FTAI Aviation Ltd. $FTAI

D.A. Davidson & CO. purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, HoldingsChannel.com reports. The fund purchased 3,138 shares of the financial services provider’s stock, valued at approximately $524,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FTAI. Meeder Asset Management Inc. increased its position in shares of FTAI Aviation by 142.2% during the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 64 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of FTAI Aviation during the second quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of FTAI Aviation during the second quarter valued at $37,000. Root Financial Partners LLC purchased a new stake in shares of FTAI Aviation during the third quarter valued at $25,000. Finally, MassMutual Private Wealth & Trust FSB purchased a new position in FTAI Aviation in the 3rd quarter worth about $25,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Up 11.0%

Shares of FTAI traded up $17.82 during midday trading on Friday, hitting $180.27. 3,209,878 shares of the company’s stock traded hands, compared to its average volume of 2,077,379. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55. The stock has a market capitalization of $18.52 billion, a price-to-earnings ratio of 36.57, a price-to-earnings-growth ratio of 0.98 and a beta of 1.55. FTAI Aviation Ltd. has a 1 year low of $146.48 and a 1 year high of $323.51. The firm’s fifty day moving average is $177.21 and its 200-day moving average is $230.04.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. The business had revenue of $977.66 million for the quarter. FTAI Aviation had a return on equity of 135.72% and a net margin of 15.46%. FTAI Aviation’s revenue was up 46.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. As a group, sell-side analysts anticipate that FTAI Aviation Ltd. will post 5.37 earnings per share for the current year.

FTAI Aviation Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays decreased their price objective on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft set a $290.00 price target on FTAI Aviation in a research note on Friday, July 31st. Citizens Jmp began coverage on FTAI Aviation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price on the stock. Morgan Stanley lowered their price objective on shares of FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Finally, Royal Bank Of Canada reduced their target price on shares of FTAI Aviation from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average 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.