Diamond Hill Capital Management Inc. Has $7.40 Million Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Diamond Hill Capital Management Inc. trimmed its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 42.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,645 shares of the financial services provider's stock after selling 41,856 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.05% of FTAI Aviation worth $7,395,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new stake in shares of FTAI Aviation during the second quarter worth approximately $33,000. Farther Finance Advisors LLC raised its position in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 189 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of FTAI Aviation during the 2nd quarter valued at $59,000. EverSource Wealth Advisors LLC increased its stake in shares of FTAI Aviation by 165.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider's stock worth $202,000 after purchasing an additional 1,790 shares in the last quarter. Finally, RiverPark Advisors LLC purchased a new stake in shares of FTAI Aviation during the second quarter worth approximately $202,000. Institutional investors own 88.96% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Friday, November 1st. BTIG Research began coverage on FTAI Aviation in a research report on Monday, August 26th. They issued a "buy" rating and a $140.00 target price on the stock. Benchmark raised their target price on FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, November 1st. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research report on Friday, August 2nd. Finally, Morgan Stanley reaffirmed an "underperform" rating on shares of FTAI Aviation in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.09.

FTAI Aviation Trading Down 2.0 %

NYSE:FTAI traded down $3.23 during midday trading on Tuesday, hitting $161.45. 779,650 shares of the stock were exchanged, compared to its average volume of 1,048,328. FTAI Aviation Ltd. has a one year low of $40.01 and a one year high of $165.91. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of -1,646.64 and a beta of 2.04. The business has a 50-day moving average price of $135.65 and a two-hundred day moving average price of $110.10.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued 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). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The firm had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same period in the prior year, the company posted $0.33 earnings per share. FTAI Aviation's quarterly revenue was up 60.0% compared to the same quarter last year. Sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation's dividend payout ratio (DPR) is -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.