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

Fmr LLC trimmed its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 0.07% of FTAI Aviation worth $1,010,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of FTAI Aviation in the third quarter valued at about $26,000. Harvest Fund Management Co. Ltd lifted its position in FTAI Aviation by 37.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 9,973 shares of the financial services provider’s stock valued at $1,325,000 after purchasing an additional 2,705 shares during the period. Westfield Capital Management Co. LP boosted its holdings in FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares in the last quarter. Penserra Capital Management LLC acquired a new position in FTAI Aviation during the 3rd quarter worth approximately $669,000. Finally, Citigroup Inc. raised its stake in shares of FTAI Aviation by 4,184.5% during the 3rd quarter. Citigroup Inc. now owns 118,778 shares of the financial services provider’s stock worth $15,786,000 after buying an additional 121,686 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Trading Down 3.9 %

NYSE:FTAI opened at $165.32 on Thursday. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of -1,653.03 and a beta of 2.04. FTAI Aviation Ltd. has a 12-month low of $40.29 and a 12-month high of $177.18. The company’s 50-day moving average is $146.10 and its two-hundred day moving average is $117.15.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue was up 60.0% on a year-over-year basis. On average, equities research analysts forecast 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 was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.73%. FTAI Aviation’s payout ratio is currently -1,199.88%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FTAI shares. Deutsche Bank Aktiengesellschaft upped their price objective on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. BTIG Research initiated coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They set a “buy” rating and a $140.00 price target on the stock. Compass Point increased their price target on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a report on Friday, September 27th. Jefferies Financial Group boosted their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Friday, November 1st. 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.09.

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.