Capital World Investors Grows Position in FTAI Aviation Ltd. $FTAI

Key Points

• Capital World Investors boosted its stake in FTAI Aviation by 17.3% to 6.32 million shares (about 6.16% ownership, ~$1.05 billion), while JPMorgan Chase increased its stake by 396.7% to 831,414 shares; institutional investors now own roughly 88.96% of the company.
• Equity analysts have been raising targets and ratings—Barclays, BTIG and Morgan Stanley lifted price targets recently—and the consensus is a Moderate Buy with an average price target of $292.22 (10 Buy, 2 Hold).
• FTAI missed quarterly estimates (EPS $1.08 vs. $1.22 expected; revenue $662.0M vs. $710.4M), though revenue was up 32.7% year-over-year and net margin remained near 20%, and the company announced a $0.40 dividend payable March 23 (ex-/record date March 13).

Capital World Investors boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 17.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,320,565 shares of the financial services provider's stock after purchasing an additional 933,944 shares during the quarter. Capital World Investors owned about 6.16% of FTAI Aviation worth $1,054,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. LDR Capital Management LLC bought a new stake in shares of FTAI Aviation during the 3rd quarter worth about $1,102,000. Diversified Trust Co acquired a new stake in shares of FTAI Aviation during the 3rd quarter valued at $2,846,000. Asset Management One Co. Ltd. purchased a new stake in shares of FTAI Aviation during the third quarter valued at $2,056,000. Hiddenite Capital Partners LP lifted its stake in FTAI Aviation by 12.9% during the third quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider's stock valued at $13,182,000 after buying an additional 9,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in FTAI Aviation by 396.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider's stock worth $138,730,000 after purchasing an additional 664,037 shares during the period. Institutional investors and hedge funds own 88.96% of the company's stock.

Analyst Upgrades and Downgrades

FTAI has been the topic of several research analyst reports. Barclays lifted their target price on FTAI Aviation from $260.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, February 27th. BTIG Research raised their price target on FTAI Aviation from $230.00 to $335.00 and gave the company a "buy" rating in a research report on Friday, January 23rd. Morgan Stanley boosted 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. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Friday, January 9th. Finally, Citigroup reiterated an "outperform" rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $292.22.

FTAI Aviation Stock Down 1.8%

FTAI Aviation stock opened at $271.44 on Wednesday. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32. The company has a fifty day simple moving average of $270.20 and a 200 day simple moving average of $204.29. FTAI Aviation Ltd. has a 1-year low of $81.45 and a 1-year high of $323.51. The company has a market cap of $27.84 billion, a P/E ratio of 58.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $662.03 million during 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%. FTAI Aviation's quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. Research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 13th. FTAI Aviation's dividend payout ratio (DPR) is 30.30%.

FTAI Aviation 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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