Scotia Capital Inc. Raises Stake in FTAI Aviation Ltd. (NASDAQ:FTAI)

Scotia Capital Inc. increased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 0.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 25,428 shares of the financial services provider’s stock after purchasing an additional 122 shares during the period. Scotia Capital Inc.’s holdings in FTAI Aviation were worth $2,823,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. raised its holdings in shares of FTAI Aviation by 27.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider’s stock valued at $16,405,000 after acquiring an additional 31,694 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of FTAI Aviation by 11.2% in the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider’s stock valued at $27,200,000 after acquiring an additional 24,296 shares in the last quarter. Royce & Associates LP raised its holdings in shares of FTAI Aviation by 97.9% in the 1st quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider’s stock valued at $45,661,000 after acquiring an additional 203,447 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of FTAI Aviation by 24,780.1% in the 1st quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider’s stock valued at $5,276,000 after acquiring an additional 47,330 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of FTAI Aviation by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider’s stock valued at $986,000 after acquiring an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on FTAI shares. Barclays lowered their price target on FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Morgan Stanley reduced their price objective on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Royal Bank Of Canada increased their price objective on FTAI Aviation from $130.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Finally, JMP Securities reduced their price target on FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating on the stock in a research report on Thursday, May 8th. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $174.33.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $138.98 on Wednesday. The firm has a market cap of $14.26 billion, a P/E ratio of 34.40 and a beta of 1.61. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The business’s 50 day moving average price is $120.92 and its 200-day moving average price is $112.78.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.24. The firm had revenue of $676.24 million for 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%. The business’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period last year, the company earned ($2.26) EPS. As a group, equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is currently 29.70%.

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.