Arcadia Investment Management Corp MI Purchases New Shares in FTAI Aviation Ltd. (NYSE:FTAI)

Arcadia Investment Management Corp MI acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the second quarter, Holdings Channel reports. The fund acquired 324 shares of the financial services provider’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC bought a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $43,000. Ridgewood Investments LLC bought a new stake in FTAI Aviation during the second quarter worth $59,000. USA Financial Formulas boosted its position in FTAI Aviation by 1,684.6% in the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,533 shares during the last quarter. Tucker Asset Management LLC grew its stake in FTAI Aviation by 726.5% in the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,453 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of FTAI Aviation during the 4th quarter valued at $109,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

FTAI has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on shares of FTAI Aviation from $105.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Compass Point lifted their price target on shares of FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Barclays upped their price objective on FTAI Aviation from $80.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Citigroup raised their target price on FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.00.

FTAI Aviation Stock Down 0.6 %

FTAI traded down $0.74 during trading on Friday, reaching $118.14. 183,439 shares of the company were exchanged, compared to its average volume of 997,444. FTAI Aviation Ltd. has a 12-month low of $32.66 and a 12-month high of $128.45. The company’s 50-day moving average is $109.40 and its two-hundred day moving average is $85.64. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 54.28 and a beta of 2.03.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The firm had revenue of $443.59 million during the quarter, compared to analysts’ expectations of $361.92 million. Equities analysts forecast that FTAI Aviation Ltd. will post 1.29 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.02%. The ex-dividend date was Monday, August 12th. FTAI Aviation’s dividend payout ratio is presently 54.79%.

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.