Vanguard Group Inc. Lowers Stake in FTAI Aviation Ltd. (NASDAQ:FTAI)

Vanguard Group Inc. lowered its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,432,661 shares of the financial services provider's stock after selling 115,278 shares during the period. Vanguard Group Inc. owned 10.17% of FTAI Aviation worth $1,158,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased 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 purchasing an additional 1,207 shares during the last quarter. Legal & General Group Plc grew its stake in shares of FTAI Aviation by 1.6% in the 4th quarter. Legal & General Group Plc now owns 139,469 shares of the financial services provider's stock worth $20,089,000 after buying an additional 2,155 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of FTAI Aviation in the 4th quarter worth about $5,169,000. Cooper Creek Partners Management LLC purchased a new stake in shares of FTAI Aviation during the 4th quarter valued at about $17,058,000. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of FTAI Aviation by 2.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,377 shares of the financial services provider's stock valued at $1,495,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 88.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FTAI. JMP Securities boosted their price objective 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. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada lifted their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, FTAI Aviation presently has an average rating of "Buy" and an average target price of $176.42.

FTAI Aviation Trading Up 3.3%

Shares of FTAI traded up $4.54 during trading hours on Tuesday, reaching $142.56. 977,993 shares of the company traded hands, compared to its average volume of 1,482,577. The stock's fifty day moving average price is $122.83 and its 200 day moving average price is $114.26. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 35.29 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 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 business had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same period in the prior year, the firm earned ($2.26) EPS. The company's revenue for the quarter was up 52.4% compared to the same quarter last year. On average, research analysts forecast 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 will be paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.8%. The ex-dividend date is 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.