FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Fmr LLC

FMR LLC cut its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 13.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,600,073 shares of the financial services provider's stock after selling 1,146,895 shares during the quarter. FMR LLC owned about 7.44% of FTAI Aviation worth $1,010,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new position in FTAI Aviation during the 3rd quarter worth $26,000. Arcadia Investment Management Corp MI bought a new stake in shares of FTAI Aviation during the 2nd quarter valued at $33,000. Farther Finance Advisors LLC increased its stake in FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock worth $46,000 after acquiring an additional 189 shares during the last quarter. Ridgewood Investments LLC bought a new stake in FTAI Aviation in the 2nd quarter worth approximately $59,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of FTAI Aviation during the third quarter valued at approximately $200,000. Institutional investors own 88.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FTAI. Deutsche Bank Aktiengesellschaft boosted their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. StockNews.com raised FTAI Aviation to a "sell" rating in a report on Friday, August 2nd. Benchmark lifted their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Jefferies Financial Group boosted their target price on FTAI Aviation from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Finally, Morgan Stanley restated an "underperform" rating on shares of FTAI Aviation in a research 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.09.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock traded down $6.64 during mid-day trading on Thursday, hitting $165.32. 870,891 shares of the stock were exchanged, compared to its average volume of 1,042,870. The company has a 50-day simple moving average of $146.88 and a 200 day simple moving average of $117.49. FTAI Aviation Ltd. has a 12 month low of $40.29 and a 12 month high of $177.18. The company has a market capitalization of $16.95 billion, a P/E ratio of -1,653.03 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million for the quarter, compared to analysts' expectations of $422.45 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The business's quarterly revenue was up 60.0% on a year-over-year basis. Analysts predict that FTAI Aviation Ltd. will post 2.21 EPS 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 $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%. FTAI Aviation's dividend payout ratio (DPR) is presently -1,199.88%.

FTAI Aviation Company 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.