FTAI Aviation Ltd. $FTAI Shares Sold by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL significantly reduced its holdings in FTAI Aviation Ltd. by 85.4%, ending up with 6,300 shares valued at $699,000 after selling 36,850 shares in the first quarter.
• Despite this reduction, other institutional investors have shown activity in FTAI, with Amalgamated Bank and others increasing their positions.
• Wall Street analysts have a positive outlook on FTAI, with a consensus rating of "Buy" and an average price target of $182.83.

Gamco Investors INC. ET AL trimmed its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 85.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,300 shares of the financial services provider's stock after selling 36,850 shares during the quarter. Gamco Investors INC. ET AL's holdings in FTAI Aviation were worth $699,000 at the end of the most recent quarter.

A number of other large investors 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 valued at $145,000. Dimensional Fund Advisors LP boosted 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 valued at $34,175,000 after acquiring an additional 153,738 shares during the last quarter. Boothbay Fund Management LLC bought a new position in FTAI Aviation during the 4th quarter valued at $270,000. The Manufacturers Life Insurance Company boosted 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 valued at $7,335,000 after acquiring an additional 1,867 shares during the last quarter. Finally, Northern Trust Corp boosted 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 valued at $149,218,000 after acquiring an additional 70,775 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Up 3.1%

Shares of NASDAQ:FTAI traded up $4.66 on Thursday, reaching $155.55. 1,003,611 shares of the company's stock were exchanged, compared to its average volume of 979,097. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The business's 50-day moving average is $130.49 and its two-hundred day moving average is $118.82. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 38.50 and a beta of 1.65.

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, 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 analysts' expectations of $754.75 million. During the same quarter last year, the company earned ($2.26) EPS. The company's revenue for the quarter was up 52.4% compared to the same quarter last year. Analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio (DPR) is 29.70%.

Wall Street Analyst Weigh In

A number of research firms have commented on FTAI. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Wall Street Zen cut shares of FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Morgan Stanley increased their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Finally, Zacks Research raised shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. One equities research 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 company presently has a consensus rating of "Buy" and a consensus target price of $182.83.

About FTAI Aviation

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.