FTAI Aviation Ltd. $FTAI Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in FTAI Aviation Ltd. by 3.4%, selling 34,999 shares and ending with approximately 1,000,952 shares, valued at around $111.1 million.
• A number of hedge funds have adjusted their positions in FTAI, with Versant Capital Management increasing its stake by 420.9%, indicating strong institutional interest in the company.
• Analysts have mixed ratings for FTAI Aviation, with numerous upgrades, including Barclays and Morgan Stanley raising their target prices, resulting in a consensus rating of "Buy" and an average target price of $179.50.

Northern Trust Corp lowered its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,000,952 shares of the financial services provider's stock after selling 34,999 shares during the period. Northern Trust Corp owned 0.98% of FTAI Aviation worth $111,136,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FTAI. Versant Capital Management Inc boosted its stake in FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after purchasing an additional 181 shares during the period. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation during the 4th quarter worth $26,000. Kapitalo Investimentos Ltda acquired a new stake in FTAI Aviation during the 4th quarter worth $30,000. Rakuten Securities Inc. acquired a new stake in FTAI Aviation during the 1st quarter worth $34,000. Finally, Rossby Financial LCC acquired a new stake in FTAI Aviation during the 1st quarter worth $45,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Price Performance

FTAI Aviation stock traded down $1.54 during trading hours on Friday, hitting $153.85. The stock had a trading volume of 1,346,578 shares, compared to its average volume of 1,100,922. The stock has a market capitalization of $15.78 billion, a price-to-earnings ratio of 38.08 and a beta of 1.61. The stock's fifty day moving average is $128.52 and its two-hundred day moving average is $117.71. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. The company had revenue of $676.24 million during the quarter, compared to analysts' expectations of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The firm's quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.26) earnings per share. As a group, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. FTAI Aviation's payout ratio is presently 29.70%.

Analyst Upgrades and Downgrades

FTAI has been the subject of a number of recent research reports. Barclays decreased their price target on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Stifel Nicolaus upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price for the company in a research note on Friday, May 2nd. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, JMP Securities raised their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price 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.