FTAI Aviation Ltd. $FTAI Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 54.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,872 shares of the financial services provider's stock after selling 17,592 shares during the period. TD Asset Management Inc's holdings in FTAI Aviation were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its stake in shares of FTAI Aviation by 3.1% in the second quarter. Sequoia Financial Advisors LLC now owns 19,252 shares of the financial services provider's stock worth $2,215,000 after buying an additional 583 shares during the last quarter. Maryland State Retirement & Pension System acquired a new position in shares of FTAI Aviation during the second quarter valued at approximately $570,000. Abel Hall LLC acquired a new position in shares of FTAI Aviation during the second quarter valued at approximately $256,000. Joel Isaacson & Co. LLC increased its holdings in shares of FTAI Aviation by 1.4% in the second quarter. Joel Isaacson & Co. LLC now owns 42,172 shares of the financial services provider's stock valued at $4,851,000 after purchasing an additional 600 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its holdings in shares of FTAI Aviation by 3.3% in the second quarter. KLP Kapitalforvaltning AS now owns 21,700 shares of the financial services provider's stock valued at $2,496,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FTAI. JMP Securities raised their target price 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. BTIG Research reiterated a "buy" rating and issued a $230.00 target price on shares of FTAI Aviation in a report on Monday. Morgan Stanley lifted their target price on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Barclays lifted their price target on FTAI Aviation from $150.00 to $195.00 and gave the stock an "overweight" rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of FTAI Aviation in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, FTAI Aviation has an average rating of "Buy" and a consensus price target of $205.00.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $172.67 on Wednesday. The business's 50 day simple moving average is $163.21 and its 200-day simple moving average is $131.80. The firm has a market capitalization of $17.71 billion, a price-to-earnings ratio of 42.74 and a beta of 1.70. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $184.44.

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, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The firm had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. During the same quarter in the prior year, the company earned ($2.26) EPS. FTAI Aviation's revenue was up 52.4% on a year-over-year basis. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio (DPR) is 29.70%.

FTAI Aviation 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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