KBC Group NV Boosts Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

KBC Group NV grew its position in FTAI Aviation Ltd. (NYSE:FTAI) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,705 shares of the financial services provider’s stock after purchasing an additional 206 shares during the period. KBC Group NV’s holdings in FTAI Aviation were worth $359,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in FTAI Aviation by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock valued at $608,426,000 after buying an additional 533,381 shares during the last quarter. Capital International Investors bought a new stake in FTAI Aviation during the first quarter worth $274,052,000. American Century Companies Inc. lifted its holdings in FTAI Aviation by 1,923.5% during the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after acquiring an additional 924,730 shares during the period. Price T Rowe Associates Inc. MD boosted its position in FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after purchasing an additional 813,311 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after purchasing an additional 560,179 shares during the period. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Price Performance

NYSE FTAI opened at $171.02 on Wednesday. The company’s 50 day simple moving average is $141.22 and its two-hundred day simple moving average is $113.86. FTAI Aviation Ltd. has a 1 year low of $40.29 and a 1 year high of $171.36. The stock has a market capitalization of $17.54 billion, a PE ratio of -1,710.03 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company’s quarterly revenue was up 60.0% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. On average, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FTAI. JMP Securities boosted their price target on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. BTIG Research started coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They set a “buy” rating and a $140.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a report on Friday, November 1st. Benchmark upped their price target on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup lifted their price objective on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $162.09.

About FTAI Aviation

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.