Blair William & Co. IL Decreases Stake in FTAI Aviation Ltd. (NASDAQ:FTAI)

Blair William & Co. IL decreased its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 92.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,773 shares of the financial services provider’s stock after selling 61,618 shares during the period. Blair William & Co. IL’s holdings in FTAI Aviation were worth $530,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtus Fund Advisers LLC bought a new position in shares of FTAI Aviation during the 4th quarter valued at approximately $26,000. Transce3nd LLC bought a new position in FTAI Aviation in the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda bought a new position in FTAI Aviation in the 4th quarter worth approximately $30,000. Versant Capital Management Inc boosted its holdings in 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 period. Finally, Rakuten Securities Inc. bought a new position in FTAI Aviation in the 1st quarter worth approximately $34,000. 88.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on FTAI. JMP Securities raised their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 6th. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a report on Friday, May 2nd. Citizens Jmp raised shares of FTAI Aviation to a “strong-buy” rating in a report on Thursday, May 8th. Royal Bank Of Canada raised their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Barclays cut their price target on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, FTAI Aviation presently has an average rating of “Buy” and an average price target of $176.42.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $138.02 on Tuesday. The firm’s fifty day moving average price is $122.45 and its 200-day moving average price is $114.06. The stock has a market cap of $14.16 billion, a P/E ratio of 34.16 and a beta of 1.61. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.24. The company had revenue of $676.24 million for the quarter, compared to analysts’ expectations of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The firm’s revenue was up 52.4% compared to the same quarter last year. During the same quarter last year, the company earned ($2.26) EPS. On average, analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 29.70%.

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.