Charles Schwab Investment Management Inc. trimmed its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,014,844 shares of the financial services provider's stock after selling 18,713 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.99% of FTAI Aviation worth $112,678,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Investors boosted its holdings in FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after purchasing an additional 3,034,838 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in shares of FTAI Aviation by 8.0% in the 4th quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock worth $298,137,000 after acquiring an additional 153,909 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of FTAI Aviation by 24.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock worth $188,030,000 after acquiring an additional 256,800 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of FTAI Aviation by 7.3% in the 4th quarter. Northern Trust Corp now owns 1,035,951 shares of the financial services provider's stock worth $149,218,000 after acquiring an additional 70,775 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of FTAI Aviation by 16.6% in the 4th quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider's stock worth $121,681,000 after acquiring an additional 120,289 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
FTAI Aviation Stock Performance
Shares of NASDAQ:FTAI traded down $0.18 during trading hours on Friday, reaching $144.72. The stock had a trading volume of 886,238 shares, compared to its average volume of 1,467,793. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The firm's 50 day moving average is $124.03 and its 200-day moving average is $115.15. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 35.82 and a beta of 1.61.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. The firm had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company's revenue was up 52.4% on a year-over-year basis. During the same period last year, the firm posted ($2.26) EPS. Analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.
FTAI Aviation Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis 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 29.70%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Wall Street Zen upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Royal Bank Of Canada upped their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus upgraded shares of 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. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $176.42.
View Our Latest Analysis on FTAI
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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