William Blair Investment Management LLC Lowers Position in FTAI Aviation Ltd. $FTAI

Key Points

• William Blair Investment Management LLC reduced its stake in FTAI Aviation Ltd. by 9.0%, owning 1,296,965 shares worth approximately $149 million after selling 128,013 shares in the second quarter.
• FTAI Aviation reported a quarterly EPS of $1.57, exceeding expectations, with revenue of $676.24 million, up 52.4% year-over-year.
• Analysts have shown positive sentiment towards FTAI Aviation, increasing target prices, with an average consensus rating of "Buy" and an average price target of $201.25.

William Blair Investment Management LLC lowered its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,296,965 shares of the financial services provider's stock after selling 128,013 shares during the period. William Blair Investment Management LLC owned approximately 1.26% of FTAI Aviation worth $149,203,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of FTAI Aviation by 124.1% during the 1st quarter. GAMMA Investing LLC now owns 428 shares of the financial services provider's stock worth $48,000 after buying an additional 237 shares during the last quarter. Blue Trust Inc. grew its position in FTAI Aviation by 57.2% during the first quarter. Blue Trust Inc. now owns 613 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 223 shares during the period. Praxis Investment Management Inc. increased its stake in FTAI Aviation by 99.3% during the first quarter. Praxis Investment Management Inc. now owns 2,810 shares of the financial services provider's stock worth $312,000 after acquiring an additional 1,400 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of FTAI Aviation by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider's stock worth $986,000 after purchasing an additional 443 shares during the period. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of FTAI Aviation by 11.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,800 shares of the financial services provider's stock worth $533,000 after purchasing an additional 479 shares during the period. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Trading Down 1.8%

NASDAQ FTAI opened at $166.67 on Friday. The stock has a market cap of $17.10 billion, a P/E ratio of 41.26 and a beta of 1.70. The company's fifty day simple moving average is $161.83 and its 200-day simple moving average is $130.61. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $184.44.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.24. The firm had revenue of $676.24 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.26) EPS. On average, research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.7%. FTAI Aviation's payout ratio is currently 29.70%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JMP Securities increased 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 report on Wednesday, August 6th. Jones Trading started coverage on shares of FTAI Aviation in a research report on Friday, October 10th. They issued a "buy" rating and a $306.00 price objective for the company. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Morgan Stanley upped their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $185.00 price target on shares of FTAI Aviation in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, FTAI Aviation has a consensus rating of "Buy" and an average price target of $201.25.

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.

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