Natixis Advisors LLC Buys Shares of 14,232 FTAI Aviation Ltd. (NYSE:FTAI)

Natixis Advisors LLC purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 14,232 shares of the financial services provider’s stock, valued at approximately $1,891,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Royce & Associates LP grew its holdings in FTAI Aviation by 3.6% during the 3rd quarter. Royce & Associates LP now owns 352,627 shares of the financial services provider’s stock worth $46,864,000 after acquiring an additional 12,097 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of FTAI Aviation during the third quarter worth $431,000. KBC Group NV increased its holdings in FTAI Aviation by 8.2% in the third quarter. KBC Group NV now owns 2,705 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 206 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in FTAI Aviation by 96.8% in the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after buying an additional 4,106 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in FTAI Aviation by 229.9% during the third quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock worth $50,530,000 after buying an additional 264,971 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $168.26 on Tuesday. The firm has a market cap of $17.26 billion, a price-to-earnings ratio of -1,682.43 and a beta of 2.04. The stock’s 50-day moving average is $145.20 and its 200-day moving average is $116.50. FTAI Aviation Ltd. has a one year low of $40.29 and a one year high of $177.18.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company’s revenue was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, equities analysts expect that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is currently -1,199.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FTAI. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Friday, November 1st. Jefferies Financial Group increased their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Citigroup boosted their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Barclays raised their price objective on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Compass Point boosted their target price on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target 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.