FTAI Aviation Ltd. (NASDAQ:FTAI) Shares Sold by NJ State Employees Deferred Compensation Plan

Key Points

• The NJ State Employees Deferred Compensation Plan has reduced its stake in FTAI Aviation Ltd. by 10.0%, now holding 36,000 shares valued at approximately $3.99 million.
• FTAI Aviation recently announced a quarterly dividend of $0.30 per share, with a payout ratio of 29.70%.
• Wall Street analysts have a positive outlook on FTAI Aviation, with an average price target of $174.33 and most ratings being categorized as buy.

NJ State Employees Deferred Compensation Plan reduced its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 10.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 36,000 shares of the financial services provider's stock after selling 4,000 shares during the period. NJ State Employees Deferred Compensation Plan's holdings in FTAI Aviation were worth $3,997,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Amalgamated Bank increased its holdings in FTAI Aviation by 3.5% during the 1st quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock valued at $391,000 after purchasing an additional 120 shares during the period. AE Wealth Management LLC increased its position in shares of FTAI Aviation by 6.3% during the first quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock worth $270,000 after acquiring an additional 145 shares during the period. Virtus Fund Advisers LLC purchased a new position in shares of FTAI Aviation during the fourth quarter worth approximately $26,000. Versant Capital Management Inc increased its position in shares of FTAI Aviation by 420.9% during the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after acquiring an additional 181 shares during the period. Finally, Transce3nd LLC purchased a new position in shares of FTAI Aviation during the fourth quarter worth approximately $29,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

Shares of FTAI traded down $3.02 during mid-day trading on Tuesday, hitting $138.45. 257,377 shares of the company were exchanged, compared to its average volume of 2,365,533. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 34.27 and a beta of 1.61. The company has a 50 day moving average of $120.54 and a 200-day moving average of $112.60.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 601.23%. The company had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. During the same quarter last year, the firm posted ($2.26) earnings per share. FTAI Aviation's revenue was up 52.4% compared to the same quarter last year. Research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business 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 dividend yield of 0.9%. FTAI Aviation's dividend payout ratio (DPR) is presently 29.70%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FTAI shares. JMP Securities cut their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a report on Thursday, May 8th. Barclays cut their price target on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Royal Bank Of Canada lifted their price target on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective on the stock in a report on Friday, May 2nd. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of "Buy" and an average target price of $174.33.

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.