Telemus Capital LLC Reduces Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Telemus Capital LLC trimmed its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 34.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,500 shares of the financial services provider's stock after selling 29,850 shares during the period. Telemus Capital LLC owned 0.06% of FTAI Aviation worth $2,668,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of FTAI Aviation by 37.4% during the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider's stock worth $30,000 after purchasing an additional 231 shares during the period. CWM LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth $43,000. Operose Advisors LLC acquired a new stake in shares of FTAI Aviation in the 3rd quarter worth about $75,000. PNC Financial Services Group Inc. lifted its position in FTAI Aviation by 25.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider's stock valued at $116,000 after purchasing an additional 657 shares during the last quarter. Finally, CI Investments Inc. bought a new stake in FTAI Aviation in the 3rd quarter valued at about $150,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Up 2.5 %

Shares of FTAI Aviation stock traded up $1.80 during trading on Tuesday, hitting $72.69. The stock had a trading volume of 840,841 shares, compared to its average volume of 852,158. The stock has a 50 day simple moving average of $62.40 and a 200 day simple moving average of $50.39. The company has a market capitalization of $7.29 billion, a PE ratio of 34.79 and a beta of 1.90. FTAI Aviation Ltd. has a 1 year low of $26.58 and a 1 year high of $73.86.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its earnings results on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.72. The business had revenue of $312.74 million for the quarter, compared to the consensus estimate of $310.04 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. The firm's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. As a group, equities analysts expect that FTAI Aviation Ltd. will post 2.43 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 7th. FTAI Aviation's dividend payout ratio is currently 57.14%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FTAI shares. Barclays lifted their price objective on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. StockNews.com downgraded shares of FTAI Aviation from a "hold" rating to a "sell" rating in a research report on Friday, April 12th. Stifel Nicolaus reissued a "hold" rating and set a $59.00 target price (up previously from $40.00) on shares of FTAI Aviation in a research note on Monday, February 26th. Benchmark raised their target price on shares of FTAI Aviation from $45.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, March 15th. Finally, Morgan Stanley raised their target price on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an "overweight" rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of "Moderate Buy" and an average target price of $54.25.

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.