DNB Asset Management AS Makes New Investment in FTAI Aviation Ltd. $FTAI

DNB Asset Management AS acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, HoldingsChannel.com reports. The fund acquired 1,774 shares of the financial services provider’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rossby Financial LCC lifted its holdings in shares of FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after buying an additional 65 shares in the last quarter. Assetmark Inc. increased its holdings in FTAI Aviation by 11.0% in the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 70 shares during the last quarter. CWM LLC lifted its stake in FTAI Aviation by 6.8% in the 3rd quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 74 shares in the last quarter. Brookstone Capital Management lifted its stake in FTAI Aviation by 2.5% in the 3rd quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 75 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of FTAI Aviation by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Up 0.4%

Shares of FTAI stock opened at $282.91 on Thursday. The company has a market cap of $29.02 billion, a PE ratio of 61.24, a price-to-earnings-growth ratio of 1.14 and a beta of 1.50. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 3.27. The stock’s 50 day simple moving average is $262.91 and its two-hundred day simple moving average is $200.31. FTAI Aviation Ltd. has a 1 year low of $81.45 and a 1 year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. Research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on FTAI. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Morgan Stanley increased their price target on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Wolfe Research reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of FTAI Aviation in a research note on Wednesday, December 31st. Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.22.

FTAI Aviation Company 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.