Wellington Management Group LLP lowered its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 24.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 669,319 shares of the financial services provider's stock after selling 216,920 shares during the quarter. Wellington Management Group LLP owned about 0.65% of FTAI Aviation worth $88,952,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of FTAI. Cetera Advisors LLC acquired a new stake in shares of FTAI Aviation during the first quarter valued at about $305,000. CWM LLC increased its holdings in FTAI Aviation by 88.0% during the 2nd quarter. CWM LLC now owns 1,998 shares of the financial services provider's stock worth $206,000 after purchasing an additional 935 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of FTAI Aviation by 7.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,655 shares of the financial services provider's stock valued at $1,823,000 after purchasing an additional 1,150 shares in the last quarter. Red Door Wealth Management LLC purchased a new position in shares of FTAI Aviation during the 2nd quarter valued at approximately $206,000. Finally, Brookstone Capital Management acquired a new stake in shares of FTAI Aviation during the second quarter worth approximately $222,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on FTAI shares. Jefferies Financial Group upped their price objective on FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Barclays raised their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Benchmark boosted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Morgan Stanley restated an "underperform" rating on shares of FTAI Aviation in a research report on Friday, October 18th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, FTAI Aviation presently has an average rating of "Moderate Buy" and a consensus price target of $166.18.
Check Out Our Latest Stock Analysis on FTAI
FTAI Aviation Price Performance
Shares of FTAI traded down $0.33 during mid-day trading on Wednesday, hitting $149.67. The company's stock had a trading volume of 901,702 shares, compared to its average volume of 1,044,817. FTAI Aviation Ltd. has a fifty-two week low of $43.29 and a fifty-two week high of $177.18. The firm has a 50-day moving average price of $152.31 and a 200 day moving average price of $122.83. The stock has a market capitalization of $15.35 billion, a price-to-earnings ratio of -1,502.95 and a beta of 2.06.
FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings data 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 return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. The company's revenue was up 60.0% compared to the same quarter last year. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.
FTAI Aviation Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation's dividend payout ratio is -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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