Verde Servicos Internacionais S.A. Takes $9.78 Million Position in FTAI Aviation Ltd. (NYSE:FTAI)

Verde Servicos Internacionais S.A. acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 67,867 shares of the financial services provider’s stock, valued at approximately $9,776,000. FTAI Aviation accounts for about 4.2% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 11th largest holding.

Several other large investors have also recently bought and sold shares of FTAI. KBC Group NV grew its holdings in FTAI Aviation by 53.0% during the 4th quarter. KBC Group NV now owns 4,138 shares of the financial services provider’s stock worth $596,000 after acquiring an additional 1,433 shares during the period. Zweig DiMenna Associates LLC bought a new position in FTAI Aviation during the fourth quarter worth about $12,540,000. Avior Wealth Management LLC grew its position in shares of FTAI Aviation by 20.5% during the 4th quarter. Avior Wealth Management LLC now owns 6,116 shares of the financial services provider’s stock worth $881,000 after buying an additional 1,042 shares during the period. Nisa Investment Advisors LLC raised its position in shares of FTAI Aviation by 7.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 161 shares during the period. Finally, Diversify Advisory Services LLC boosted its stake in FTAI Aviation by 20.9% during the 4th quarter. Diversify Advisory Services LLC now owns 4,055 shares of the financial services provider’s stock worth $584,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

FTAI has been the topic of several analyst reports. Benchmark increased their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Compass Point boosted their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. BTIG Research lifted their price objective on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus cut their target price on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Trading Up 0.7 %

Shares of FTAI opened at $91.65 on Tuesday. The stock has a market capitalization of $9.40 billion, a PE ratio of 38.01 and a beta of 2.09. The firm’s 50 day moving average is $142.59 and its 200-day moving average is $132.33. FTAI Aviation Ltd. has a 12 month low of $52.00 and a 12 month high of $181.64.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 1.59% and a return on equity of 206.25%. The business’s revenue was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. Equities research analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

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

FTAI Aviation 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.