Harbor Capital Advisors Inc. Grows Stock Position in FTAI Aviation Ltd. $FTAI

Key Points

• Harbor Capital Advisors Inc. increased its stake in FTAI Aviation Ltd. by 4.5%, owning 154,462 shares valued at approximately $17.77 million, representing 0.7% of its total holdings.
• FTAI Aviation reported earnings of $1.57 per share for the last quarter, exceeding analysts' estimates, and achieved a 52.4% revenue growth year-over-year, totaling $676.24 million.
• The company declared a quarterly dividend of $0.30, which translates to an annual yield of 0.7%, with a dividend payout ratio of 29.70% as of the recent filing.

Harbor Capital Advisors Inc. raised its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,462 shares of the financial services provider's stock after acquiring an additional 6,709 shares during the quarter. FTAI Aviation makes up 0.7% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 14th largest holding. Harbor Capital Advisors Inc. owned 0.15% of FTAI Aviation worth $17,769,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FTAI. D. E. Shaw & Co. Inc. acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at about $930,000. Nuveen Asset Management LLC lifted its holdings in FTAI Aviation by 12.9% in the 4th quarter. Nuveen Asset Management LLC now owns 423,096 shares of the financial services provider's stock worth $60,943,000 after purchasing an additional 48,269 shares during the last quarter. ProShare Advisors LLC lifted its holdings in FTAI Aviation by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,608 shares of the financial services provider's stock worth $4,121,000 after purchasing an additional 9,413 shares during the last quarter. Two Sigma Investments LP lifted its holdings in FTAI Aviation by 16.6% in the 4th quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider's stock worth $121,681,000 after purchasing an additional 120,289 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in FTAI Aviation by 24.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock worth $188,030,000 after purchasing an additional 256,800 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FTAI shares. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. JMP Securities raised their price target on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Wall Street Zen cut FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Morgan Stanley raised their target price on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Finally, BTIG Research raised their target price on FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of "Buy" and an average target price of $182.83.

FTAI Aviation Price Performance

FTAI stock traded up $0.72 during midday trading on Friday, reaching $178.89. 1,312,630 shares of the stock were exchanged, compared to its average volume of 1,095,911. The stock has a market capitalization of $18.35 billion, a PE ratio of 44.28 and a beta of 1.65. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The company has a fifty day moving average price of $143.03 and a 200 day moving average price of $121.99.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. The business had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.FTAI Aviation's quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.26) EPS. As a group, analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation's payout ratio is 29.70%.

About FTAI Aviation

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.