Mirae Asset Global Investments Co. Ltd. Boosts Position in FTAI Aviation Ltd. (NYSE:FTAI)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,389 shares of the financial services provider’s stock after acquiring an additional 902 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in FTAI Aviation were worth $2,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Public Employees Retirement System of Ohio raised its stake in shares of FTAI Aviation by 37.4% during the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 231 shares during the last quarter. Operose Advisors LLC purchased a new position in FTAI Aviation in the third quarter worth $75,000. PNC Financial Services Group Inc. purchased a new position in FTAI Aviation in the second quarter worth $83,000. BlackRock Inc. purchased a new position in FTAI Aviation in the first quarter worth $96,000. Finally, CI Investments Inc. purchased a new position in FTAI Aviation in the third quarter worth $150,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $59.00 price objective (up previously from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Morgan Stanley upped their target price on FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. StockNews.com lowered FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Barclays upped their target price on FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Benchmark upped their target price on FTAI Aviation from $45.00 to $100.00 and gave the company a “buy” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.25.

FTAI Aviation Stock Up 0.7 %

FTAI opened at $68.54 on Friday. The firm has a market cap of $6.87 billion, a P/E ratio of 32.64 and a beta of 1.90. FTAI Aviation Ltd. has a 52 week low of $26.58 and a 52 week high of $73.54. The business’s fifty day simple moving average is $62.06 and its 200 day simple moving average is $49.90.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.72. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The firm had revenue of $312.74 million for the quarter, compared to analyst estimates of $310.04 million. During the same period last year, the company earned $0.20 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities analysts expect that FTAI Aviation Ltd. will post 2.43 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, March 7th. FTAI Aviation’s payout ratio is 57.14%.

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.