Axxcess Wealth Management LLC cut its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 47.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,230 shares of the financial services provider's stock after selling 12,700 shares during the quarter. Axxcess Wealth Management LLC's holdings in FTAI Aviation were worth $660,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in shares of FTAI Aviation by 37.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 231 shares during the last quarter. CWM LLC purchased a new position in FTAI Aviation in the fourth quarter valued at approximately $43,000. Operose Advisors LLC acquired a new stake in FTAI Aviation during the third quarter worth approximately $75,000. PNC Financial Services Group Inc. raised its holdings in FTAI Aviation by 25.2% during the third quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider's stock worth $116,000 after purchasing an additional 657 shares in the last quarter. Finally, CI Investments Inc. purchased a new stake in shares of FTAI Aviation during the 3rd quarter worth approximately $150,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.
FTAI Aviation Stock Performance
FTAI Aviation stock traded up $1.00 during trading hours on Wednesday, reaching $78.50. 396,824 shares of the stock were exchanged, compared to its average volume of 887,326. The stock has a market cap of $7.87 billion, a P/E ratio of 35.84 and a beta of 1.90. The firm's 50 day moving average is $67.18 and its 200 day moving average is $53.63. FTAI Aviation Ltd. has a 52-week low of $26.94 and a 52-week high of $81.40.
FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.06). The firm had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. FTAI Aviation's revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. Equities research analysts expect that FTAI Aviation Ltd. will post 1.88 EPS for the current fiscal year.
FTAI Aviation Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.20 annualized dividend and a dividend yield of 1.53%. FTAI Aviation's payout ratio is currently 54.79%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Benchmark reaffirmed a "buy" rating and issued a $100.00 target price on shares of FTAI Aviation in a research report on Thursday, May 2nd. Barclays boosted their target price on FTAI Aviation from $62.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. Morgan Stanley raised their price target on FTAI Aviation from $58.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 27th. Compass Point lifted their price target on FTAI Aviation from $71.00 to $88.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada assumed coverage on FTAI Aviation in a report on Friday, May 3rd. They issued an "outperform" rating and a $85.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation has an average rating of "Moderate Buy" and a consensus target price of $68.95.
Check Out Our Latest Analysis on FTAI Aviation
About FTAI Aviation
(
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.
Further Reading
Before you consider FTAI Aviation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FTAI Aviation wasn't on the list.
While FTAI Aviation currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
