Thrivent Financial for Lutherans cut its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 10.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,593 shares of the financial services provider's stock after selling 3,776 shares during the quarter. Thrivent Financial for Lutherans' holdings in FTAI Aviation were worth $4,332,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in FTAI. RiverPark Advisors LLC grew its stake in shares of FTAI Aviation by 115.8% in the third quarter. RiverPark Advisors LLC now owns 4,231 shares of the financial services provider's stock worth $562,000 after acquiring an additional 2,270 shares during the period. Natixis Advisors LLC purchased a new stake in FTAI Aviation in the third quarter worth approximately $1,891,000. Royce & Associates LP grew its position in FTAI Aviation by 3.6% in 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 during the period. CIBC Asset Management Inc purchased a new stake in FTAI Aviation during the 3rd quarter valued at $431,000. Finally, KBC Group NV lifted its holdings in shares of FTAI Aviation by 8.2% during the 3rd quarter. KBC Group NV now owns 2,705 shares of the financial services provider's stock valued at $359,000 after buying an additional 206 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
FTAI has been the subject of a number of research reports. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research report on Friday, August 2nd. Barclays boosted their price target 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 target price on shares of FTAI Aviation in a report on Friday, November 1st. Jefferies Financial Group upped their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Finally, Compass Point raised their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Two 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 stock. According to data from MarketBeat, FTAI Aviation currently has a consensus rating of "Moderate Buy" and an average price target of $162.09.
View Our Latest Stock Analysis on FTAI
FTAI Aviation Trading Down 3.1 %
Shares of NYSE:FTAI traded down $5.45 during mid-day trading on Monday, reaching $168.26. The stock had a trading volume of 1,177,760 shares, compared to its average volume of 1,044,883. The business's 50 day moving average price is $144.37 and its 200 day moving average price is $115.87. FTAI Aviation Ltd. has a 1 year low of $40.29 and a 1 year high of $177.18. The company has a market cap of $17.26 billion, a P/E ratio of -1,756.92 and a beta of 2.04.
FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its 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 206.25%. The firm had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The firm's revenue was up 60.0% compared to the same quarter last year. Analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.
FTAI Aviation Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. FTAI Aviation's dividend payout ratio (DPR) is presently -1,199.88%.
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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