Geode Capital Management LLC Has $317.20 Million Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Geode Capital Management LLC lifted its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,386,325 shares of the financial services provider’s stock after acquiring an additional 61,897 shares during the quarter. Geode Capital Management LLC’s holdings in FTAI Aviation were worth $317,202,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. increased its stake in shares of FTAI Aviation by 1,923.5% during the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after purchasing an additional 924,730 shares during the period. Westfield Capital Management Co. LP increased its position in FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after buying an additional 773,017 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of FTAI Aviation by 14,553.9% during the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after buying an additional 560,179 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of FTAI Aviation by 229.9% in the third quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after acquiring an additional 264,971 shares during the period. Finally, Vantage Investment Partners LLC acquired a new position in shares of FTAI Aviation in the third quarter valued at about $32,769,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

Shares of NYSE:FTAI opened at $131.72 on Friday. FTAI Aviation Ltd. has a one year low of $44.15 and a one year high of $177.18. The company has a market cap of $13.51 billion, a price-to-earnings ratio of -1,317.07 and a beta of 2.06. The firm has a 50 day simple moving average of $152.48 and a 200 day simple moving average of $123.43.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same period last year, the business earned $0.33 EPS. The company’s revenue was up 60.0% compared to the same quarter last year. As a group, analysts expect that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

Analysts Set New Price Targets

FTAI has been the subject of several analyst reports. Barclays lifted their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. BTIG Research started coverage on FTAI Aviation in a report on Monday, August 26th. They issued a “buy” rating and a $140.00 price objective for the company. Citigroup increased their target price on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $166.18.

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.