Voya Investment Management LLC trimmed its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 365,498 shares of the financial services provider's stock after selling 33,715 shares during the quarter. Voya Investment Management LLC owned approximately 0.36% of FTAI Aviation worth $52,646,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Burling Wealth Partners LLC purchased a new stake in FTAI Aviation during the 4th quarter valued at $4,603,000. Hood River Capital Management LLC raised its stake in FTAI Aviation by 8.0% during the 4th quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock valued at $298,137,000 after purchasing an additional 153,909 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in FTAI Aviation by 8.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 394,489 shares of the financial services provider's stock worth $56,822,000 after acquiring an additional 29,355 shares during the last quarter. Quantessence Capital LLC bought a new stake in FTAI Aviation in the 4th quarter worth approximately $822,000. Finally, Harvest Investment Services LLC bought a new stake in FTAI Aviation in the 4th quarter worth approximately $214,000. 88.96% of the stock is owned by institutional investors.
FTAI Aviation Stock Performance
Shares of NYSE:FTAI traded down $11.60 during trading on Thursday, hitting $95.51. The company's stock had a trading volume of 2,330,562 shares, compared to its average volume of 1,711,772. The business has a 50 day moving average price of $106.72 and a two-hundred day moving average price of $127.48. The company has a market capitalization of $9.80 billion, a PE ratio of -957.50 and a beta of 1.79. FTAI Aviation Ltd. has a fifty-two week low of $70.08 and a fifty-two week high of $181.64.
FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm's revenue was up 53.7% compared to the same quarter last year. As a group, equities analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.
FTAI Aviation Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were paid a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.26%. FTAI Aviation's dividend payout ratio (DPR) is presently -342.86%.
Wall Street Analyst Weigh In
FTAI has been the topic of several analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Barclays lowered their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday. StockNews.com upgraded FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Stifel Nicolaus reaffirmed a "hold" rating and issued a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Finally, Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and a consensus target price of $170.33.
Check Out Our Latest Stock Report on FTAI
FTAI Aviation Company Profile
(
Free Report)
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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