Blue Trust Inc. Sells 119 Shares of FTAI Aviation Ltd. $FTAI

Blue Trust Inc. cut its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 19.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 494 shares of the financial services provider’s stock after selling 119 shares during the period. Blue Trust Inc.’s holdings in FTAI Aviation were worth $57,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of FTAI Aviation by 124.1% in the 1st quarter. GAMMA Investing LLC now owns 428 shares of the financial services provider’s stock valued at $48,000 after buying an additional 237 shares in the last quarter. Praxis Investment Management Inc. raised its stake in shares of FTAI Aviation by 99.3% in the 1st quarter. Praxis Investment Management Inc. now owns 2,810 shares of the financial services provider’s stock valued at $312,000 after buying an additional 1,400 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of FTAI Aviation by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider’s stock valued at $986,000 after buying an additional 443 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of FTAI Aviation by 11.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,800 shares of the financial services provider’s stock valued at $533,000 after buying an additional 479 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of FTAI Aviation by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,669 shares of the financial services provider’s stock valued at $2,073,000 after buying an additional 1,107 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Down 1.8%

Shares of NASDAQ:FTAI opened at $166.67 on Friday. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $184.44. The company’s 50-day moving average price is $161.83 and its two-hundred day moving average price is $130.71. The firm has a market cap of $17.10 billion, a P/E ratio of 41.26 and a beta of 1.70.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data 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. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The firm had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. During the same quarter in the prior year, the firm earned ($2.26) EPS. The company’s revenue was up 52.4% on a year-over-year basis. As a group, equities analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation’s dividend payout ratio is currently 29.70%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FTAI shares. Barclays increased their price objective on shares of FTAI Aviation from $150.00 to $195.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $185.00 price objective on shares of FTAI Aviation in a research note on Thursday. BTIG Research increased their price objective on shares of FTAI Aviation from $190.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Jones Trading started coverage on shares of FTAI Aviation in a research note on Friday, October 10th. They issued a “buy” rating and a $306.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of FTAI Aviation in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, FTAI Aviation currently has an average rating of “Buy” and a consensus price target of $201.25.

FTAI Aviation 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.