PDT Partners LLC Makes New $279,000 Investment in FTAI Aviation Ltd. (NYSE:FTAI)

PDT Partners LLC bought a new position in FTAI Aviation Ltd. (NYSE:FTAI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,100 shares of the financial services provider’s stock, valued at approximately $279,000.

Several other large investors have also recently added to or reduced their stakes in FTAI. Fred Alger Management LLC increased its holdings in shares of FTAI Aviation by 34.7% during the third quarter. Fred Alger Management LLC now owns 253,585 shares of the financial services provider’s stock valued at $33,701,000 after purchasing an additional 65,298 shares during the period. Verition Fund Management LLC increased its holdings in shares of FTAI Aviation by 379.1% during the third quarter. Verition Fund Management LLC now owns 20,497 shares of the financial services provider’s stock valued at $2,724,000 after purchasing an additional 16,219 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of FTAI Aviation by 56.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,843 shares of the financial services provider’s stock valued at $21,243,000 after purchasing an additional 57,448 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of FTAI Aviation by 2.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,805 shares of the financial services provider’s stock valued at $2,366,000 after purchasing an additional 397 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of FTAI Aviation by 16.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 658,200 shares of the financial services provider’s stock valued at $87,475,000 after purchasing an additional 94,800 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group raised their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. BTIG Research initiated coverage on FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 price target on the stock. Benchmark raised their target price on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays raised their target price on FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Compass Point raised 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 research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Stock Down 3.3 %

NYSE:FTAI opened at $161.22 on Wednesday. FTAI Aviation Ltd. has a 1-year low of $41.37 and a 1-year high of $177.18. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of -1,612.04 and a beta of 2.06. The stock has a fifty day simple moving average of $149.09 and a 200 day simple moving average of $119.64.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same quarter last year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 60.0% compared to the same quarter last year. Equities analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

FTAI Aviation Company 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.