Empowered Funds LLC trimmed its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 16.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,650 shares of the financial services provider's stock after selling 7,780 shares during the quarter. Empowered Funds LLC's holdings in FTAI Aviation were worth $5,137,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the business. Royce & Associates LP increased its stake in FTAI Aviation by 3.6% during the 3rd quarter. Royce & Associates LP now owns 352,627 shares of the financial services provider's stock worth $46,864,000 after purchasing an additional 12,097 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of FTAI Aviation in the third quarter valued at approximately $431,000. KBC Group NV lifted its position in shares of FTAI Aviation by 8.2% in the third quarter. KBC Group NV now owns 2,705 shares of the financial services provider's stock worth $359,000 after purchasing an additional 206 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in FTAI Aviation by 96.8% during the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider's stock worth $1,110,000 after purchasing an additional 4,106 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in FTAI Aviation by 229.9% in the third quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider's stock valued at $50,530,000 after purchasing an additional 264,971 shares in the last quarter. 88.96% of the stock is owned by institutional investors.
FTAI Aviation Stock Performance
Shares of NYSE FTAI traded up $4.58 during mid-day trading on Monday, reaching $163.02. The company had a trading volume of 838,852 shares, compared to its average volume of 1,042,510. FTAI Aviation Ltd. has a one year low of $40.29 and a one year high of $166.00. The business's 50-day simple moving average is $139.08 and its 200 day simple moving average is $112.59. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of -1,584.40 and a beta of 2.04.
FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation's quarterly revenue was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.
FTAI Aviation Dividend Announcement
The firm 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. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.74%. FTAI Aviation's dividend payout ratio is currently -1,200.00%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on FTAI shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and increased their price objective for the company from $69.00 to $132.00 in a report on Friday, July 26th. Barclays increased their price objective on FTAI Aviation from $110.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Royal Bank of Canada reissued an "outperform" rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. Finally, StockNews.com raised FTAI Aviation to a "sell" rating in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $162.09.
Get Our Latest Stock Analysis on FTAI
FTAI Aviation Company Profile
(
Free Report)
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.
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