9,081 Shares of FTAI Aviation Ltd. $FTAI Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI – Free Report) during the third quarter, HoldingsChannel.com reports. The fund purchased 9,081 shares of the financial services provider’s stock, valued at approximately $1,517,000.

Other large investors also recently modified their holdings of the company. Baird Financial Group Inc. increased its stake in FTAI Aviation by 619.2% in the 2nd quarter. Baird Financial Group Inc. now owns 89,672 shares of the financial services provider’s stock worth $24,259,000 after acquiring an additional 77,203 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of FTAI Aviation during the 1st quarter valued at about $1,313,000. State Street Corp boosted its position in shares of FTAI Aviation by 2.5% during the 2nd quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock valued at $834,203,000 after acquiring an additional 75,452 shares during the last quarter. Generate Investment Management Ltd bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $16,703,000. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of FTAI Aviation during the first quarter worth about $7,217,000. 88.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citizens Jmp started coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $325.00 target price on shares of FTAI Aviation in a research report on Sunday, August 2nd. Royal Bank Of Canada dropped their target price on shares of FTAI Aviation from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Wednesday, October 28th. BTIG Research cut their price target on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price target on shares of FTAI Aviation in a report on Friday, July 31st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $304.38.

View Our Latest Analysis on FTAI Aviation

FTAI Aviation Trading Up 11.0%

NASDAQ FTAI opened at $180.27 on Friday. The stock’s 50-day simple moving average is $177.21 and its two-hundred day simple moving average is $230.04. FTAI Aviation Ltd. has a twelve month low of $146.48 and a twelve month high of $323.51. The company has a quick ratio of 2.07, a current ratio of 3.82 and a debt-to-equity ratio of 7.97. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 0.92 and a beta of 1.55.

FTAI Aviation (NASDAQ:FTAI – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. The firm 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%. FTAI Aviation’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. Research analysts forecast that FTAI Aviation Ltd. will post 5.37 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

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

FTAI Aviation Company Profile

(Free Report)

FTAI Aviation owns and manages a portfolio of commercial jet engines and aircraft, which it leases to airlines and other aviation customers around the world. Its business focuses on mid-life equipment, providing customers with access to engines and aircraft without requiring them to own those assets outright.

The company also supports its leasing operations with maintenance, repair and overhaul services, as well as the sale and exchange of engine modules and parts. Its work is particularly focused on the CFM56 and V2500 engine families, which are widely used on commercial aircraft.

FTAI Aviation serves customers across the global aviation industry, including airlines, aircraft lessors and maintenance providers.

See Also

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Institutional Ownership by Quarter for FTAI Aviation (NASDAQ:FTAI)

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