Glenmede Trust Co. NA Sells 4,776 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Glenmede Trust Co. NA lowered its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 50.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,653 shares of the financial services provider's stock after selling 4,776 shares during the period. Glenmede Trust Co. NA's holdings in FTAI Aviation were worth $618,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Foundations Investment Advisors LLC grew its position in shares of FTAI Aviation by 5.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock worth $352,000 after buying an additional 145 shares during the period. Farther Finance Advisors LLC grew its holdings 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 worth $46,000 after purchasing an additional 189 shares during the period. Brown Brothers Harriman & Co. bought a new stake in FTAI Aviation in the third quarter valued at $26,000. KBC Group NV raised its holdings in shares of FTAI Aviation by 8.2% during the third quarter. KBC Group NV now owns 2,705 shares of the financial services provider's stock valued at $359,000 after purchasing an additional 206 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of FTAI Aviation by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider's stock worth $1,163,000 after purchasing an additional 216 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FTAI. Barclays increased their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday. Compass Point boosted their price target on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Morgan Stanley reaffirmed an "underperform" rating on shares of FTAI Aviation in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, Benchmark lifted their price target on FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $166.18.

FTAI Aviation Stock Performance

FTAI Aviation stock traded up $1.36 during midday trading on Wednesday, hitting $162.58. 560,548 shares of the company's stock were exchanged, compared to its average volume of 1,037,695. The stock has a 50-day moving average price of $149.71 and a two-hundred day moving average price of $120.22. FTAI Aviation Ltd. has a 52-week low of $41.37 and a 52-week high of $177.18. The company has a market cap of $16.67 billion, a P/E ratio of -1,612.20 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). The firm had revenue of $465.80 million during the quarter, compared to analysts' expectations of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation's revenue for the quarter 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. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders 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 annualized dividend and a yield of 0.74%. FTAI Aviation's dividend payout ratio (DPR) is presently -1,200.00%.

About FTAI Aviation

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.