Verde Servicos Internacionais S.A. Buys New Shares in FTAI Aviation Ltd. (NYSE:FTAI)

Verde Servicos Internacionais S.A. bought a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 67,867 shares of the financial services provider’s stock, valued at approximately $9,776,000. FTAI Aviation accounts for approximately 4.2% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 11th biggest position. Verde Servicos Internacionais S.A. owned approximately 0.07% of FTAI Aviation at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $26,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation in the third quarter worth approximately $31,000. Farther Finance Advisors LLC increased its stake in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares during the last quarter. USA Financial Formulas bought a new position in shares of FTAI Aviation during the 4th quarter valued at $93,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of FTAI Aviation in the 3rd quarter valued at $200,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 0.7 %

Shares of FTAI Aviation stock opened at $91.65 on Tuesday. FTAI Aviation Ltd. has a 12-month low of $52.00 and a 12-month high of $181.64. The stock has a market capitalization of $9.40 billion, a P/E ratio of 38.01 and a beta of 2.09. The company has a 50-day simple moving average of $142.59 and a 200 day simple moving average of $132.33.

FTAI Aviation (NYSE:FTAI) last posted 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). The firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business’s quarterly revenue was up 60.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio is presently -1,199.88%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FTAI. Citigroup raised their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Compass Point raised their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Jefferies Financial Group increased their price objective on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research report on Tuesday, January 21st. Finally, Benchmark raised their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.75.

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.