Gabelli Funds LLC Has $14.71 Million Stake in FTAI Aviation Ltd. $FTAI

Key Points

• Gabelli Funds LLC has decreased its holdings in FTAI Aviation Ltd. by 28.5%, owning 132,500 shares worth approximately $14.71 million as of the latest SEC filing.
• FTAI Aviation recently announced a quarterly dividend of $0.30 per share, yielding 0.8%, with a dividend payout ratio of 29.70%.
• In recent analyst updates, Morgan Stanley raised its target price for FTAI from $138.00 to $175.00 and gave the stock an "overweight" rating, reflecting growing confidence in the company's performance.

Gabelli Funds LLC lessened its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 28.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,500 shares of the financial services provider's stock after selling 52,800 shares during the period. Gabelli Funds LLC owned 0.13% of FTAI Aviation worth $14,711,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FTAI. NewEdge Advisors LLC bought a new position in FTAI Aviation during the 4th quarter worth $145,000. Dimensional Fund Advisors LP increased its stake in FTAI Aviation by 182.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 238,184 shares of the financial services provider's stock worth $34,175,000 after acquiring an additional 153,738 shares during the period. Boothbay Fund Management LLC bought a new position in FTAI Aviation during the 4th quarter worth $270,000. The Manufacturers Life Insurance Company increased its stake in FTAI Aviation by 3.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 50,923 shares of the financial services provider's stock worth $7,335,000 after acquiring an additional 1,867 shares during the period. Finally, Northern Trust Corp increased its stake in FTAI Aviation by 7.3% during the 4th quarter. Northern Trust Corp now owns 1,035,951 shares of the financial services provider's stock worth $149,218,000 after acquiring an additional 70,775 shares during the period. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Down 2.6%

Shares of FTAI stock traded down $3.98 during trading hours on Tuesday, reaching $149.87. The company's stock had a trading volume of 258,893 shares, compared to its average volume of 2,217,357. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The company has a market capitalization of $15.37 billion, a price-to-earnings ratio of 37.10 and a beta of 1.65. The firm's 50 day simple moving average is $129.00 and its 200-day simple moving average is $118.08.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The company had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same quarter last year, the business posted ($2.26) EPS. FTAI Aviation's revenue for the quarter was up 52.4% on a year-over-year basis. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. FTAI Aviation's dividend payout ratio (DPR) is 29.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FTAI shares. JMP Securities raised 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. Morgan Stanley raised 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. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. BTIG Research raised their target price on FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a report on Monday, August 25th. Finally, Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. One 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 stock. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of "Buy" and a consensus price target of $182.83.

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.