Envestnet Asset Management Inc. Raises Holdings in FTAI Aviation Ltd. $FTAI

Envestnet Asset Management Inc. lifted its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 44.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 39,302 shares of the financial services provider’s stock after acquiring an additional 12,017 shares during the quarter. Envestnet Asset Management Inc.’s holdings in FTAI Aviation were worth $4,521,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in FTAI. Caitong International Asset Management Co. Ltd grew its holdings in FTAI Aviation by 3,692.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 948 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 923 shares in the last quarter. Carnegie Investment Counsel purchased a new stake in shares of FTAI Aviation in the 2nd quarter worth approximately $207,000. Brookstone Capital Management boosted its stake in shares of FTAI Aviation by 9.0% during the second quarter. Brookstone Capital Management now owns 3,013 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 248 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in FTAI Aviation during the second quarter valued at approximately $348,000. Finally, Cannon Global Investment Management LLC increased its holdings in FTAI Aviation by 116.7% during the second quarter. Cannon Global Investment Management LLC now owns 6,500 shares of the financial services provider’s stock valued at $748,000 after buying an additional 3,500 shares during the period. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FTAI shares. BTIG Research restated a “buy” rating and set a $230.00 target price on shares of FTAI Aviation in a report on Monday, October 20th. Barclays boosted their price target on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Morgan Stanley raised their price objective on FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada increased their price target on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.11.

Insider Buying and Selling

In related news, COO David Moreno bought 4,354 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were bought at an average price of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer owned 4,354 shares in the company, valued at approximately $670,037.06. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $153.00 on Friday. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $194.36. The stock’s fifty day moving average price is $170.29 and its 200 day moving average price is $140.37. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 34.93 and a beta of 1.67.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The business had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The company’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.96%.

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.