Price T Rowe Associates Inc. MD Decreases Stake in FTAI Aviation Ltd. $FTAI

Key Points

• Price T Rowe Associates Inc. MD has reduced its stake in FTAI Aviation Ltd. by 6.4% to 408,367 shares following the sale of 28,150 shares in the first quarter.
• Research analysts maintain a consensus rating of "Buy" for FTAI Aviation, with target prices ranging from $150.00 to $205.00 as several firms upgraded their ratings.
• The company reported an EPS of $1.57, exceeding analysts' estimates, while also declaring a dividend of $0.30 per share with a yield of 0.8%.

Price T Rowe Associates Inc. MD reduced its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 408,367 shares of the financial services provider's stock after selling 28,150 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.40% of FTAI Aviation worth $45,342,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in shares of FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after buying an additional 181 shares during the last quarter. Virtus Fund Advisers LLC bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $26,000. Kapitalo Investimentos Ltda bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $30,000. Rakuten Securities Inc. bought a new stake in shares of FTAI Aviation in the 1st quarter worth approximately $34,000. Finally, Rossby Financial LCC bought a new stake in shares of FTAI Aviation in the 1st quarter worth approximately $45,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Trading Down 2.4%

FTAI Aviation stock traded down $3.76 during mid-day trading on Tuesday, hitting $150.09. The company had a trading volume of 936,381 shares, compared to its average volume of 1,015,654. The stock's 50 day moving average price is $129.30 and its two-hundred day moving average price is $118.30. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $181.64. The company has a market capitalization of $15.39 billion, a PE ratio of 37.15 and a beta of 1.65.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping 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 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 previous year, the company posted ($2.26) earnings per share. The company's revenue for the quarter was up 52.4% compared to the same quarter last year. Equities research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FTAI shares. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. JMP Securities raised their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Wall Street Zen cut FTAI Aviation from a "buy" rating to a "hold" rating in a research note on Saturday. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley raised their target price on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target 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.