FTAI Aviation Ltd. $FTAI Shares Purchased by M&T Bank Corp

Key Points

• M&T Bank raised its stake in FTAI by 323.6% in Q4, owning 16,112 shares after adding 12,308 shares, valued at about $3.17 million at quarter-end.
• FTAI missed quarterly estimates (EPS $1.08 vs. $1.22 expected; revenue $662.0M vs. $710.4M) but revenue rose 32.7% year‑over‑year and the company reported a return on equity of 257.07%.
• The stock has a market cap of $23.58B and a P/E of 49.76, pays a $0.40 quarterly dividend ($1.60 annualized, 0.7% yield), is 88.96% institutionally owned, and holds a consensus analyst rating of Buy with a $295.78 target.

M&T Bank Corp increased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 323.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,112 shares of the financial services provider's stock after purchasing an additional 12,308 shares during the quarter. M&T Bank Corp's holdings in FTAI Aviation were worth $3,172,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in FTAI Aviation by 8.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,349 shares of the financial services provider's stock valued at $4,399,000 after acquiring an additional 1,718 shares in the last quarter. Leisure Capital Management acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $230,000. Krilogy Financial LLC acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $161,000. First Horizon Corp raised its holdings in FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider's stock valued at $63,000 after acquiring an additional 182 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in FTAI Aviation by 51.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 18,698 shares of the financial services provider's stock valued at $3,681,000 after acquiring an additional 6,374 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Trading Down 1.3%

NASDAQ:FTAI opened at $229.88 on Tuesday. The stock has a 50-day simple moving average of $258.33 and a 200-day simple moving average of $223.09. The stock has a market cap of $23.58 billion, a P/E ratio of 49.76, a P/E/G ratio of 0.88 and a beta of 1.59. FTAI Aviation Ltd. has a 1 year low of $86.84 and a 1 year high of $323.51. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28.

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 for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. As a group, analysts anticipate that FTAI Aviation Ltd. will post 7.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 13th were 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 was Friday, March 13th. FTAI Aviation's payout ratio is presently 34.63%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FTAI shares. Morgan Stanley raised their target price on shares of FTAI Aviation from $266.00 to $293.00 and gave the company an "overweight" rating in a report on Tuesday, March 24th. Wolfe Research reaffirmed an "outperform" rating and issued a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Zacks Research raised FTAI Aviation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 22nd. Citigroup reaffirmed an "outperform" rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $350.00 price objective on shares of FTAI Aviation in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $295.78.

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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