Cetera Investment Advisers Sells 5,448 Shares of FTAI Aviation Ltd. $FTAI

Key Points

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Cetera Investment Advisers decreased its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 62.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,229 shares of the financial services provider's stock after selling 5,448 shares during the period. Cetera Investment Advisers' holdings in FTAI Aviation were worth $358,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on FTAI shares. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Morgan Stanley boosted their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday. Barclays dropped their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. JMP Securities upped their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada boosted their target price on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation currently has an average rating of "Buy" and an average target price of $179.50.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock traded up $5.69 on Thursday, hitting $146.09. 1,390,782 shares of the company's stock traded hands, compared to its average volume of 2,268,997. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The stock has a market capitalization of $14.98 billion, a PE ratio of 36.16 and a beta of 1.61. The firm's 50-day moving average price is $125.19 and its two-hundred day moving average price is $116.00.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.24. The company had revenue of $676.24 million during 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 company's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($2.26) EPS. On average, analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

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

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.