KLP Kapitalforvaltning AS Buys 700 Shares of FTAI Aviation Ltd. $FTAI

KLP Kapitalforvaltning AS grew its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,700 shares of the financial services provider’s stock after purchasing an additional 700 shares during the period. KLP Kapitalforvaltning AS’s holdings in FTAI Aviation were worth $2,496,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FTAI. GAMMA Investing LLC lifted its stake in shares of FTAI Aviation by 124.1% in the 1st quarter. GAMMA Investing LLC now owns 428 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 237 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of FTAI Aviation by 6.2% in the 1st quarter. Handelsbanken Fonder AB now owns 29,300 shares of the financial services provider’s stock valued at $3,253,000 after purchasing an additional 1,700 shares during the last quarter. Fortitude Advisory Group L.L.C. bought a new stake in shares of FTAI Aviation in the 1st quarter valued at approximately $1,044,000. Inscription Capital LLC bought a new stake in shares of FTAI Aviation in the 1st quarter valued at approximately $1,110,000. Finally, Rakuten Securities Inc. bought a new stake in shares of FTAI Aviation in the 1st quarter valued at approximately $34,000. 88.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FTAI. Wall Street Zen raised FTAI Aviation from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Jones Trading started coverage on FTAI Aviation in a research note on Friday. They set a “buy” rating and a $306.00 price target for the company. JMP Securities raised their price target on FTAI Aviation from $180.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Finally, Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of “Buy” and an average price target of $201.25.

FTAI Aviation Stock Down 3.7%

Shares of NASDAQ FTAI opened at $163.11 on Friday. The business has a fifty day simple moving average of $158.67 and a two-hundred day simple moving average of $128.74. The firm has a market cap of $16.73 billion, a PE ratio of 40.37 and a beta of 1.70. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $184.44.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.24. The business had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.FTAI Aviation’s revenue was up 52.4% on a year-over-year basis. During the same period in the previous year, the company posted ($2.26) EPS. On average, research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation’s payout ratio is 29.70%.

FTAI Aviation Company 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.