LPL Financial LLC Sells 210 Shares of FTAI Aviation Ltd. $FTAI

LPL Financial LLC lessened its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,378 shares of the financial services provider’s stock after selling 210 shares during the period. LPL Financial LLC’s holdings in FTAI Aviation were worth $2,707,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FTAI. Envestnet Asset Management Inc. boosted its holdings in shares of FTAI Aviation by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 38,598 shares of the financial services provider’s stock valued at $5,560,000 after purchasing an additional 1,207 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $145,000. Canada Pension Plan Investment Board purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $3,408,000. Capital International Sarl purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $303,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of FTAI Aviation by 182.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 238,184 shares of the financial services provider’s stock valued at $34,175,000 after purchasing an additional 153,738 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

NASDAQ FTAI opened at $144.72 on Monday. The stock’s fifty day moving average price is $124.03 and its 200 day moving average price is $115.36. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 35.82 and a beta of 1.61.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. During the same period in the prior year, the company earned ($2.26) earnings per share. The firm’s revenue was up 52.4% on a year-over-year basis. Research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 12th. FTAI Aviation’s dividend payout ratio is presently 29.70%.

Analyst Ratings Changes

A number of analysts recently issued reports on FTAI shares. JMP Securities boosted their price target on FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. Citizens Jmp upgraded FTAI Aviation to a “strong-buy” rating in a report on Thursday, May 8th. Royal Bank Of Canada upped their target price on FTAI Aviation from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, July 10th. Finally, Stifel Nicolaus upgraded FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a report on Friday, May 2nd. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation has an average rating of “Buy” and a consensus target price of $176.42.

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.