CIBC Private Wealth Group LLC Trims Stake in FTAI Aviation Ltd. $FTAI

CIBC Private Wealth Group LLC lessened its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 12.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,829 shares of the financial services provider’s stock after selling 6,813 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in FTAI Aviation were worth $8,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. AQR Capital Management LLC purchased a new position in FTAI Aviation during the first quarter valued at $242,000. PNC Financial Services Group Inc. increased its position in FTAI Aviation by 41.4% in the second quarter. PNC Financial Services Group Inc. now owns 9,656 shares of the financial services provider’s stock worth $1,111,000 after buying an additional 2,829 shares in the last quarter. SG Americas Securities LLC increased its position in FTAI Aviation by 325.5% in the second quarter. SG Americas Securities LLC now owns 8,711 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 6,664 shares in the last quarter. Creative Planning raised its stake in shares of FTAI Aviation by 23.1% in the second quarter. Creative Planning now owns 39,009 shares of the financial services provider’s stock worth $4,488,000 after buying an additional 7,310 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of FTAI Aviation by 73.3% during the 2nd quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock valued at $644,000 after buying an additional 2,368 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

FTAI has been the subject of a number of recent research reports. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Citizens Jmp raised their target price on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. BTIG Research lifted their price target on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 13th. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Wolfe Research reissued an “outperform” rating and issued a $225.00 price objective on shares of FTAI Aviation in a research note on Wednesday, December 31st. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $292.78.

FTAI Aviation Trading Down 4.2%

FTAI stock opened at $230.15 on Friday. FTAI Aviation Ltd. has a 12 month low of $81.45 and a 12 month high of $323.51. The firm’s 50-day moving average is $272.36 and its 200 day moving average is $208.34. The company has a market capitalization of $23.61 billion, a PE ratio of 49.82, a P/E/G ratio of 0.97 and a beta of 1.50. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $662.03 million during the quarter, compared to analysts’ expectations of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. FTAI Aviation’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. On average, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation’s payout ratio is presently 34.63%.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.