New York State Common Retirement Fund lowered its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 27.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 124,225 shares of the financial services provider's stock after selling 47,016 shares during the period. New York State Common Retirement Fund owned about 0.12% of FTAI Aviation worth $16,510,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI bought a new stake in FTAI Aviation in the second quarter valued at approximately $33,000. Ridgewood Investments LLC purchased a new stake in FTAI Aviation during the 2nd quarter valued at $59,000. EverSource Wealth Advisors LLC boosted its position in FTAI Aviation by 165.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider's stock valued at $202,000 after buying an additional 1,790 shares during the period. RiverPark Advisors LLC bought a new stake in FTAI Aviation in the 2nd quarter worth $202,000. Finally, Profund Advisors LLC purchased a new position in shares of FTAI Aviation in the second quarter valued at about $205,000. Hedge funds and other institutional investors own 88.96% of the company's stock.
FTAI Aviation Stock Up 7.1 %
Shares of NYSE FTAI traded up $9.88 during trading on Wednesday, reaching $149.02. The company had a trading volume of 1,771,631 shares, compared to its average volume of 1,047,353. FTAI Aviation Ltd. has a 12-month low of $39.52 and a 12-month high of $149.74. The business's 50-day moving average is $133.26 and its 200 day moving average is $107.77. The stock has a market cap of $15.23 billion, a PE ratio of -1,391.40 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 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. The firm 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 EPS. The company's quarterly revenue was up 60.0% compared to the same quarter last year. On average, analysts anticipate that FTAI Aviation Ltd. will post 2.17 earnings per share for the current year.
FTAI Aviation Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation's dividend payout ratio is currently -1,200.00%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on FTAI shares. StockNews.com raised FTAI Aviation to a "sell" rating in a research note on Friday, August 2nd. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $69.00 to $132.00 in a research report on Friday, July 26th. Morgan Stanley restated an "underperform" rating on shares of FTAI Aviation in a report on Friday, October 18th. JMP Securities increased their price target on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 25th. Finally, Barclays lifted their price objective on FTAI Aviation from $110.00 to $135.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $162.09.
View Our Latest Stock Report on FTAI
FTAI Aviation 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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