American Century Companies Inc. Decreases Position in FTAI Aviation Ltd. $FTAI

Key Points

• American Century Companies Inc. reduced its stake in FTAI Aviation Ltd. by 12.2%, selling 40,829 shares and now holding 0.29% of the company.
• FTAI Aviation reported an earnings per share (EPS) of $1.57, surpassing the consensus estimate of $1.33, with revenue of $676.24 million for the quarter.
• The company recently declared a quarterly dividend of $0.30 per share, representing a 0.8% dividend yield with a payout ratio of 29.70%.

American Century Companies Inc. decreased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,442 shares of the financial services provider's stock after selling 40,829 shares during the period. American Century Companies Inc. owned 0.29% of FTAI Aviation worth $32,692,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its position in FTAI Aviation by 27.3% during the first quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider's stock worth $16,405,000 after buying an additional 31,694 shares during the period. WCM Investment Management LLC increased its position in FTAI Aviation by 11.2% during the first quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock worth $27,200,000 after buying an additional 24,296 shares during the period. Royce & Associates LP increased its position in FTAI Aviation by 97.9% during the first quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider's stock worth $45,661,000 after buying an additional 203,447 shares during the period. GAMMA Investing LLC increased its position in FTAI Aviation by 24,780.1% during the first quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock worth $5,276,000 after buying an additional 47,330 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of FTAI Aviation by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider's stock valued at $986,000 after purchasing an additional 443 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Up 0.7%

Shares of FTAI Aviation stock traded up $1.10 during trading on Monday, reaching $148.81. The company's stock had a trading volume of 1,129,589 shares, compared to its average volume of 2,256,272. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64. The company has a market capitalization of $15.26 billion, a P/E ratio of 36.83 and a beta of 1.61. The business has a 50 day moving average price of $126.11 and a 200-day moving average price of $116.50.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The firm had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same period in the previous year, the business earned ($2.26) earnings per share. The company's revenue for the quarter was up 52.4% compared to the same quarter last year. Research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation's payout ratio is 29.70%.

Analyst Ratings Changes

Several brokerages have weighed in on FTAI. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price on the stock in a research note on Friday, May 2nd. BTIG Research lifted their target price on FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Monday. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Finally, JMP Securities lifted their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $182.83.

FTAI Aviation Company Profile

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.