Hiddenite Capital Partners LP raised its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report) by 88.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 55,472 shares of the financial services provider’s stock after buying an additional 26,000 shares during the period. FTAI Aviation comprises 1.6% of Hiddenite Capital Partners LP’s holdings, making the stock its 22nd largest position. Hiddenite Capital Partners LP’s holdings in FTAI Aviation were worth $9,265,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC increased its position in shares of FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 45 shares in the last quarter. Compound Planning Inc. raised its holdings in shares of FTAI Aviation by 2.7% during the first quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock valued at $560,000 after acquiring an additional 60 shares during the period. Meeder Asset Management Inc. raised its holdings 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 during the period. SBI Securities Co. Ltd. raised its holdings in shares of FTAI Aviation by 55.7% during the third quarter. SBI Securities Co. Ltd. now owns 179 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 64 shares during the period. Finally, Abel Hall LLC lifted its position in shares of FTAI Aviation by 6.2% in the 1st quarter. Abel Hall LLC now owns 1,362 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 79 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
FTAI Aviation Stock Performance
Shares of FTAI opened at $197.75 on Tuesday. The firm has a market cap of $20.31 billion, a price-to-earnings ratio of 40.11, a price-to-earnings-growth ratio of 0.83 and a beta of 1.51. The company’s fifty day moving average is $178.73 and its 200-day moving average is $231.78. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. FTAI Aviation Ltd. has a 12 month low of $146.48 and a 12 month high of $323.51.
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.12. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%. The company had revenue of $977.66 million during the quarter. During the same quarter last year, the company posted $1.10 EPS. The business’s revenue was up 46.6% compared to the same quarter last year. Equities analysts expect that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.
FTAI Aviation Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is currently 40.57%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented 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 research note on Tuesday, September 15th. Jefferies Financial Group reiterated a “buy” rating and set a $325.00 price objective on shares of FTAI Aviation in a research report on Sunday, August 2nd. Citizens Jmp started coverage on shares of FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a report on Friday. Finally, Royal Bank Of Canada decreased their target price on FTAI Aviation from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Wednesday, October 28th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $304.38.
Get Our Latest Stock Analysis on FTAI
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.
Featured Articles
- Five stocks we like better than FTAI Aviation
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Want to see what other hedge funds are holding FTAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report).
Receive News & Ratings for FTAI Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTAI Aviation and related companies with MarketBeat.com's FREE daily email newsletter.
