Versor Investments LP Makes New $235,000 Investment in FTAI Aviation Ltd. $FTAI

Versor Investments LP purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the second quarter, according to its most recent filing with the SEC. The firm purchased 2,041 shares of the financial services provider’s stock, valued at approximately $235,000.

Several other large investors have also recently made changes to their positions in the stock. Amalgamated Bank grew its stake in FTAI Aviation by 121.4% in the second quarter. Amalgamated Bank now owns 7,790 shares of the financial services provider’s stock valued at $896,000 after purchasing an additional 4,272 shares during the last quarter. Assetmark Inc. lifted its position in shares of FTAI Aviation by 15.8% during the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after buying an additional 87 shares during the last quarter. Peregrine Capital Management LLC raised its stake in shares of FTAI Aviation by 1.8% during the 2nd quarter. Peregrine Capital Management LLC now owns 91,373 shares of the financial services provider’s stock worth $10,512,000 after acquiring an additional 1,632 shares in the last quarter. Teacher Retirement System of Texas lifted its position in FTAI Aviation by 1.5% during the second quarter. Teacher Retirement System of Texas now owns 40,358 shares of the financial services provider’s stock valued at $4,643,000 after acquiring an additional 583 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in FTAI Aviation during the second quarter valued at approximately $13,333,000. 88.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FTAI. BTIG Research reissued a “buy” rating and issued a $230.00 price objective on shares of FTAI Aviation in a research report on Monday, October 20th. Royal Bank Of Canada raised their price target on FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Jones Trading started coverage on shares of FTAI Aviation in a report on Friday, October 10th. They set a “buy” rating and a $306.00 price objective on the stock. Morgan Stanley increased their price objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Finally, Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of “Buy” and an average price target of $201.11.

FTAI Aviation Stock Down 0.2%

Shares of NASDAQ:FTAI opened at $162.24 on Friday. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $194.36. The stock has a market cap of $16.64 billion, a price-to-earnings ratio of 37.04 and a beta of 1.67. The business has a 50-day moving average price of $169.74 and a 200-day moving average price of $138.22.

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

FTAI Aviation Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 10th. FTAI Aviation’s dividend payout ratio is presently 27.40%.

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.