FTAI Aviation Ltd. $FTAI Shares Sold by Whittier Trust Co.

Key Points

• Whittier Trust Co. reduced its stake in FTAI Aviation Ltd. by 9.8% in the second quarter, now owning 14,252 shares valued at approximately $1.64 million.
• Various institutional investors increased their positions in FTAI during the same period, with Harbour Investments Inc. raising its stake by an impressive 948.8%.
• FTAI Aviation has received strong ratings from analysts, with a consensus Buy rating and a target price of $205.00, while the stock is currently trading at $172.16.

Whittier Trust Co. lessened its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 9.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 14,252 shares of the financial services provider's stock after selling 1,549 shares during the period. Whittier Trust Co.'s holdings in FTAI Aviation were worth $1,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of FTAI Aviation during the 2nd quarter valued at $348,000. Cannon Global Investment Management LLC lifted its holdings in shares of FTAI Aviation by 116.7% in the second quarter. Cannon Global Investment Management LLC now owns 6,500 shares of the financial services provider's stock valued at $748,000 after purchasing an additional 3,500 shares in the last quarter. Praxis Investment Management Inc. lifted its holdings in shares of FTAI Aviation by 45.6% in the second quarter. Praxis Investment Management Inc. now owns 4,090 shares of the financial services provider's stock valued at $471,000 after purchasing an additional 1,280 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of FTAI Aviation by 6.9% in the second quarter. WCM Investment Management LLC now owns 258,801 shares of the financial services provider's stock valued at $30,694,000 after purchasing an additional 16,718 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of FTAI Aviation by 948.8% in the second quarter. Harbour Investments Inc. now owns 9,733 shares of the financial services provider's stock valued at $1,120,000 after purchasing an additional 8,805 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FTAI. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Royal Bank Of Canada restated an "outperform" rating and issued a $185.00 target price on shares of FTAI Aviation in a report on Thursday, October 16th. JMP Securities increased their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley increased 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $205.00.

FTAI Aviation Stock Down 0.3%

Shares of FTAI opened at $172.16 on Thursday. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 42.61 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. The company has a 50-day moving average price of $163.73 and a two-hundred day moving average price of $132.08.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.33 by $0.24. The business had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.FTAI Aviation's revenue was up 52.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.26) EPS. Equities research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's payout ratio is currently 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.

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