Harbor Capital Advisors Inc. Has $7.21 Million Stake in FTAI Aviation Ltd. $FTAI

Harbor Capital Advisors Inc. lowered its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 36,644 shares of the financial services provider’s stock after selling 2,815 shares during the quarter. FTAI Aviation comprises 0.6% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 28th largest holding. Harbor Capital Advisors Inc.’s holdings in FTAI Aviation were worth $7,213,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FTAI. FNY Investment Advisers LLC bought a new stake in FTAI Aviation in the fourth quarter valued at $1,322,000. Allspring Global Investments Holdings LLC boosted its position in shares of FTAI Aviation by 9.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,818 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 162 shares in the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at about $204,000. Moody National Bank Trust Division grew its stake in shares of FTAI Aviation by 36.7% in the 4th quarter. Moody National Bank Trust Division now owns 15,642 shares of the financial services provider’s stock valued at $3,079,000 after buying an additional 4,196 shares during the period. Finally, DAVENPORT & Co LLC increased its position in FTAI Aviation by 15.2% in the 4th quarter. DAVENPORT & Co LLC now owns 3,596 shares of the financial services provider’s stock valued at $708,000 after buying an additional 475 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FTAI shares. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 target price on shares of FTAI Aviation in a research report on Monday, February 9th. BTIG Research increased their target price on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Barclays lifted their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Wolfe Research restated an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a research note on Wednesday, December 31st. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $295.78.

FTAI Aviation Stock Performance

Shares of FTAI opened at $242.69 on Friday. The firm has a market capitalization of $24.89 billion, a P/E ratio of 52.53, a P/E/G ratio of 0.92 and a beta of 1.59. FTAI Aviation Ltd. has a 52 week low of $81.45 and a 52 week high of $323.51. The stock has a 50 day moving average price of $266.48 and a two-hundred day moving average price of $213.88. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The company had revenue of $662.03 million for the quarter, compared to analysts’ expectations of $710.37 million. During the same period in the previous year, the firm earned $0.84 EPS. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. Equities analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 13th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, March 13th. This represents a $1.60 annualized dividend and a yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is 34.63%.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.