FTAI Aviation Ltd. $FTAI Shares Sold by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC reduced its stake in FTAI Aviation Ltd. by 50.1%, selling over 16,000 shares during the first quarter, leaving them with 16,190 shares valued at approximately $1.8 million.
• FTAI Aviation reported a 52.4% increase in revenue year-over-year, with earnings per share of $1.57, exceeding analysts' expectations of $1.33.
• The company declared a quarterly dividend of $0.30, leading to an annualized dividend of $1.20 and a dividend yield of 0.8%, with a payout ratio of 29.70%.

Kovitz Investment Group Partners LLC lowered its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 50.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,190 shares of the financial services provider's stock after selling 16,232 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in FTAI Aviation were worth $1,798,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in FTAI Aviation by 14.5% in the 1st quarter. Russell Investments Group Ltd. now owns 164,772 shares of the financial services provider's stock worth $18,306,000 after buying an additional 20,880 shares in the last quarter. Nuveen LLC acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at about $41,789,000. Townsquare Capital LLC acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at about $420,000. CenterBook Partners LP acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at about $1,071,000. Finally, Nicholas Hoffman & Company LLC. raised its stake in shares of FTAI Aviation by 150.0% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 5,000 shares of the financial services provider's stock valued at $555,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Price Performance

FTAI Aviation 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. The stock has a market capitalization of $14.61 billion, a PE ratio of 35.26 and a beta of 1.61. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64.

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

FTAI Aviation Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, August 12th. FTAI Aviation's dividend payout ratio is 29.70%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FTAI shares. Wall Street Zen raised shares of FTAI Aviation from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Barclays lowered their price objective 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. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. JMP Securities upped their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada upped their target price on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $176.42.

About FTAI Aviation

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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