Capital Group Investment Management PTE. LTD. Grows Position in FTAI Aviation Ltd. $FTAI

Key Points

• Capital Group increased its position in FTAI Aviation by 60.1% in Q3 to 10,283 shares (an additional 3,861 shares) worth about $1.716 million, and institutional investors now own roughly 88.96% of the stock.
• FTAI missed quarterly estimates (EPS $1.08 vs. $1.22; revenue $662.03M vs. $710.37M) despite revenue rising 32.7% year-over-year, and the company declared a $0.40 dividend (ex-dividend March 13, payable March 23).
• Analysts have raised price targets (many to the ~$335–$350 range) and the consensus rating is a Moderate Buy with a consensus price target of $292.22; the stock carries a market cap of about $28.34B and a P/E of ~59.8.

Capital Group Investment Management PTE. LTD. lifted its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 60.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,283 shares of the financial services provider's stock after purchasing an additional 3,861 shares during the period. Capital Group Investment Management PTE. LTD.'s holdings in FTAI Aviation were worth $1,716,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in FTAI Aviation during the 3rd quarter valued at $28,000. Global Retirement Partners LLC increased its position in shares of FTAI Aviation by 880.0% in the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 308 shares during the period. Assetmark Inc. increased its position in shares of FTAI Aviation by 15.8% in the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 87 shares during the period. GAMMA Investing LLC raised its stake in shares of FTAI Aviation by 22.7% during the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider's stock valued at $88,000 after acquiring an additional 97 shares during the last quarter. Finally, Rossby Financial LCC boosted its holdings in shares of FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider's stock worth $94,000 after purchasing an additional 65 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 6.1%

NASDAQ:FTAI opened at $276.34 on Tuesday. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. The firm's 50-day moving average price is $268.71 and its 200-day moving average price is $203.42. The company has a market capitalization of $28.34 billion, a PE ratio of 59.81, a P/E/G ratio of 1.05 and a beta of 1.50. FTAI Aviation Ltd. has a 1-year low of $81.45 and a 1-year high of $323.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The company's revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 13th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 13th. FTAI Aviation's payout ratio is currently 30.30%.

Analysts Set New Price Targets

Several research firms recently issued reports on FTAI. Barclays raised their target price on FTAI Aviation from $260.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. Royal Bank Of Canada increased their price objective on FTAI Aviation from $270.00 to $350.00 and gave the stock an "outperform" rating in a report on Monday, January 26th. BTIG Research boosted their target price on FTAI Aviation from $230.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, January 23rd. Jefferies Financial Group reaffirmed a "buy" rating and issued a $350.00 price target on shares of FTAI Aviation in a research note on Monday, February 9th. Finally, Zacks Research raised shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $292.22.

About FTAI Aviation

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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