Capital International Ltd. CA Acquires 16,306 Shares of FTAI Aviation Ltd. $FTAI

Capital International Ltd. CA grew its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 54.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,504 shares of the financial services provider’s stock after acquiring an additional 16,306 shares during the period. Capital International Ltd. CA’s holdings in FTAI Aviation were worth $7,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Capital International Inc. CA lifted its position in FTAI Aviation by 14.9% during the third quarter. Capital International Inc. CA now owns 222,426 shares of the financial services provider’s stock valued at $37,114,000 after purchasing an additional 28,838 shares in the last quarter. Capital International Investors lifted its position in shares of FTAI Aviation by 0.7% during the 3rd quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock valued at $2,318,615,000 after buying an additional 94,383 shares in the last quarter. Capital Group Investment Management PTE. LTD. grew its stake in shares of FTAI Aviation by 60.1% during the 3rd quarter. Capital Group Investment Management PTE. LTD. now owns 10,283 shares of the financial services provider’s stock valued at $1,716,000 after acquiring an additional 3,861 shares during the period. Bank of Montreal Can raised its stake in FTAI Aviation by 48.0% during the 3rd quarter. Bank of Montreal Can now owns 415,588 shares of the financial services provider’s stock worth $69,345,000 after acquiring an additional 134,718 shares during the period. Finally, Swiss National Bank raised its stake in FTAI Aviation by 1.5% during the 3rd quarter. Swiss National Bank now owns 198,792 shares of the financial services provider’s stock worth $33,170,000 after acquiring an additional 2,900 shares during the period. 88.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price target on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Barclays upped their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. BTIG Research upped their target price on shares of FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Citizens Jmp boosted their price target on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $292.22.

FTAI Aviation Stock Up 6.1%

NASDAQ:FTAI opened at $276.34 on Tuesday. The company’s 50-day simple moving average is $268.71 and its 200-day simple moving average is $203.42. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28. FTAI Aviation Ltd. has a fifty-two week low of $81.45 and a fifty-two week high of $323.51. The stock has a market capitalization of $28.34 billion, a P/E ratio of 59.81, a P/E/G ratio of 1.05 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $662.03 million for the quarter, compared to analysts’ expectations of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. FTAI Aviation’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 13th. FTAI Aviation’s dividend payout ratio (DPR) is 30.30%.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.