Harbor Capital Advisors Inc. Grows Position in FTAI Aviation Ltd. (NYSE:FTAI)

Harbor Capital Advisors Inc. raised its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 148.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,059 shares of the financial services provider’s stock after buying an additional 69,260 shares during the period. FTAI Aviation comprises 0.7% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 12th largest position. Harbor Capital Advisors Inc. owned 0.11% of FTAI Aviation worth $16,717,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FTAI. Commonwealth Equity Services LLC acquired a new position in shares of FTAI Aviation in the second quarter worth about $369,000. TD Asset Management Inc acquired a new stake in FTAI Aviation in the second quarter valued at $3,887,000. Victory Capital Management Inc. boosted its stake in FTAI Aviation by 121.7% during the 2nd quarter. Victory Capital Management Inc. now owns 115,236 shares of the financial services provider’s stock valued at $11,896,000 after acquiring an additional 63,258 shares during the last quarter. American Century Companies Inc. grew its holdings in FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after acquiring an additional 924,730 shares in the last quarter. Finally, Nicholas Investment Partners LP acquired a new stake in shares of FTAI Aviation in the 2nd quarter valued at about $15,718,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FTAI shares. Barclays increased their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Benchmark lifted their price target on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research note on Friday. Finally, Stifel Nicolaus lifted their price objective on shares of FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $177.33.

FTAI Aviation Stock Up 5.6 %

NYSE FTAI traded up $9.47 during trading on Friday, hitting $178.25. The company’s stock had a trading volume of 1,030,376 shares, compared to its average volume of 1,569,749. FTAI Aviation Ltd. has a 52 week low of $46.88 and a 52 week high of $180.97. The firm has a market cap of $18.28 billion, a P/E ratio of -1,782.32 and a beta of 2.09. The firm has a 50 day moving average price of $151.20 and a 200 day moving average price of $130.62.

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

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.67%. FTAI Aviation’s dividend payout ratio is currently -1,200.00%.

FTAI Aviation Company Profile

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.