FTAI Aviation Ltd. (NASDAQ:FTAI) Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL has significantly reduced its stake in FTAI Aviation Ltd. by 92.8%, selling 61,618 shares and leaving it with only 4,773 shares valued at $530,000.
• Multiple institutional investors have recently entered positions in FTAI Aviation, with 88.96% of the stock now owned by institutional holders.
• FTAI Aviation announced a $0.30 quarterly dividend with a yield of 0.9% and a payout ratio of 29.70%.

Blair William & Co. IL cut its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 92.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,773 shares of the financial services provider's stock after selling 61,618 shares during the period. Blair William & Co. IL's holdings in FTAI Aviation were worth $530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTAI. Capital International Investors lifted its holdings in FTAI Aviation by 39.7% in the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after acquiring an additional 3,034,838 shares during the period. Hood River Capital Management LLC lifted its holdings in FTAI Aviation by 8.0% in the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock valued at $298,137,000 after acquiring an additional 153,909 shares during the period. Two Sigma Advisers LP lifted its holdings in FTAI Aviation by 24.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after acquiring an additional 256,800 shares during the period. Northern Trust Corp lifted its holdings in FTAI Aviation by 7.3% in the fourth quarter. Northern Trust Corp now owns 1,035,951 shares of the financial services provider's stock valued at $149,218,000 after acquiring an additional 70,775 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in FTAI Aviation by 16.6% in the fourth quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider's stock valued at $121,681,000 after acquiring an additional 120,289 shares during the period. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Performance

Shares of NASDAQ:FTAI traded up $3.44 during trading on Wednesday, reaching $146.00. The stock had a trading volume of 1,205,050 shares, compared to its average volume of 1,468,697. The business has a fifty day moving average price of $123.29 and a 200-day moving average price of $114.47. The stock has a market cap of $14.98 billion, a PE ratio of 36.14 and a beta of 1.61. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

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

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 12th. FTAI Aviation's dividend payout ratio (DPR) is currently 29.70%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FTAI shares. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Wall Street Zen raised FTAI Aviation from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective on the stock in a report on Friday, May 2nd. JMP Securities raised their price objective on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada raised their price objective on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $176.42.

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.