FTAI Aviation Ltd. $FTAI Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in FTAI Aviation Ltd. by 16.7%, selling 9,060 shares during the first quarter, and now holds 45,334 shares valued at approximately $5 million.
• FTAI Aviation reported $1.57 earnings per share, exceeding analysts' expectations of $1.33, while revenue grew by 52.4% year-over-year despite falling short of estimates.
• The company's quarterly dividend of $0.30 per share will be paid on August 19, 2023, reflecting a 0.8% yield and a payout ratio of approximately 29.70%.

Algert Global LLC decreased its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,334 shares of the financial services provider's stock after selling 9,060 shares during the quarter. Algert Global LLC's holdings in FTAI Aviation were worth $5,033,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in FTAI Aviation by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 38,598 shares of the financial services provider's stock worth $5,560,000 after acquiring an additional 1,207 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $145,000. Canada Pension Plan Investment Board bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $3,408,000. Dimensional Fund Advisors LP boosted its holdings in FTAI Aviation by 182.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 238,184 shares of the financial services provider's stock worth $34,175,000 after buying an additional 153,738 shares in the last quarter. Finally, Curi RMB Capital LLC acquired a new position in FTAI Aviation in the fourth quarter worth approximately $370,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Performance

FTAI stock opened at $142.46 on Tuesday. The firm has a 50 day simple moving average of $124.39 and a 200 day simple moving average of $115.65. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The stock has a market cap of $14.61 billion, a P/E ratio of 35.26 and a beta of 1.61.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its 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. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. During the same quarter in the prior year, the firm earned ($2.26) EPS. The company's revenue was up 52.4% compared to the same quarter last year. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. FTAI Aviation's dividend payout ratio (DPR) is presently 29.70%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FTAI shares. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective for the company in a research report on Friday, May 2nd. Barclays reduced their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. JMP Securities lifted their price target on FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada upped their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of FTAI Aviation from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price 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.

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