Raymond James Financial Services Advisors Inc. Has $1.43 Million Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Posted by Defense World Staff on Oct 26th, 2023

Raymond James Financial Services Advisors Inc. cut its holdings in FTAI Aviation Ltd. (NYSE:FTAI – Free Report) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,171 shares of the financial services provider’s stock after selling 1,942 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in FTAI Aviation were worth $1,430,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Raymond James & Associates lifted its stake in FTAI Aviation by 4.2% in the second quarter. Raymond James & Associates now owns 106,266 shares of the financial services provider’s stock valued at $3,364,000 after acquiring an additional 4,252 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of FTAI Aviation by 15.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 18,600 shares of the financial services provider’s stock worth $589,000 after buying an additional 2,500 shares during the last quarter. K.J. Harrison & Partners Inc acquired a new stake in shares of FTAI Aviation in the second quarter worth $315,000. Exchange Traded Concepts LLC acquired a new stake in shares of FTAI Aviation in the second quarter worth $73,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of FTAI Aviation by 440.0% in the second quarter. Teacher Retirement System of Texas now owns 86,030 shares of the financial services provider’s stock worth $2,724,000 after buying an additional 70,098 shares during the last quarter. 90.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FTAI. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, June 30th. Compass Point boosted their price objective on shares of FTAI Aviation from $36.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, September 14th. Raymond James boosted their price objective on shares of FTAI Aviation from $31.00 to $37.50 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Citigroup boosted their target price on shares of FTAI Aviation from $28.18 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Barclays boosted their target price on shares of FTAI Aviation from $38.00 to $40.00 in a research report on Wednesday, October 4th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $39.06.

View Our Latest Report on FTAI Aviation

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $33.32 on Thursday. The firm has a market capitalization of $3.32 billion, a PE ratio of 51.26 and a beta of 1.85. The company’s fifty day moving average price is $35.19 and its two-hundred day moving average price is $31.86. FTAI Aviation Ltd. has a 52-week low of $15.98 and a 52-week high of $37.98.

FTAI Aviation (NYSE:FTAI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.18. The firm had revenue of $274.35 million for the quarter, compared to analyst estimates of $286.83 million. FTAI Aviation had a net margin of 8.85% and a return on equity of 25.36%. The business’s revenue for the quarter was up 144.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. Analysts predict that FTAI Aviation Ltd. will post 1.47 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Monday, August 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Friday, August 11th. FTAI Aviation’s dividend payout ratio (DPR) is presently 184.62%.

FTAI Aviation Company Profile

(Free Report)

FTAI Aviation Ltd. owns and acquires infrastructure and related 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.