25,398 Shares in FTAI Aviation Ltd. $FTAI Bought by Chilton Investment Co. Inc.

Key Points

• Chilton Investment Co. bought a new position of 25,398 shares of FTAI Aviation in Q3 (≈$4.24M), joining other institutional buyers amid 88.96% institutional ownership.
• FTAI missed quarterly estimates with EPS $1.08 vs. $1.22 and revenue $662.0M vs. $710.4M despite 32.7% YoY revenue growth; the stock fell ~6.3%, trading at a PE of 48.1 and a market cap of about $22.8B.
• The company declared a quarterly dividend of $0.40 (annualized $1.60, yield 0.7%), while analysts maintain a “Moderate Buy” consensus with an average target of ~$292.78 and several firms raising targets up to $350.

Chilton Investment Co. Inc. bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,398 shares of the financial services provider's stock, valued at approximately $4,238,000.

Several other hedge funds have also modified their holdings of the company. AQR Capital Management LLC bought a new position in shares of FTAI Aviation during the 1st quarter worth approximately $242,000. Savant Capital LLC acquired a new stake in FTAI Aviation in the second quarter valued at approximately $772,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in FTAI Aviation in the second quarter worth $543,000. Allworth Financial LP grew its holdings in FTAI Aviation by 737.1% in the second quarter. Allworth Financial LP now owns 1,398 shares of the financial services provider's stock worth $161,000 after purchasing an additional 1,231 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of FTAI Aviation by 141.6% during the second quarter. SBI Securities Co. Ltd. now owns 3,172 shares of the financial services provider's stock worth $365,000 after purchasing an additional 1,859 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Down 6.3%

FTAI Aviation stock opened at $222.24 on Friday. The business's 50-day simple moving average is $272.50 and its two-hundred day simple moving average is $205.80. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28. The company has a market cap of $22.80 billion, a PE ratio of 48.10, a PEG ratio of 0.90 and a beta of 1.50. FTAI Aviation Ltd. has a fifty-two week low of $81.45 and a fifty-two week high of $323.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.14). FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The firm had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. During the same period last year, the firm earned $0.84 EPS. The company's revenue for the quarter was up 32.7% compared to the same quarter last year. Equities analysts anticipate 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 Monday, March 23rd. Stockholders of record on Friday, March 13th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, March 13th. FTAI Aviation's dividend payout ratio is 30.30%.

Wall Street Analyst Weigh In

FTAI has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $350.00 target price on shares of FTAI Aviation in a research report on Monday, February 9th. Citizens Jmp boosted their price target on FTAI Aviation from $230.00 to $325.00 and gave the stock a "market outperform" rating in a research note on Thursday, January 29th. Citigroup restated an "outperform" rating on shares of FTAI Aviation in a report on Thursday, January 29th. Barclays increased their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada lifted their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of "Moderate Buy" and a consensus price target of $292.78.

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.

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