American Trust Decreases Stake in FTAI Aviation Ltd. (NYSE:FTAI)

American Trust lowered its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 14.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,467 shares of the financial services provider’s stock after selling 959 shares during the quarter. American Trust’s holdings in FTAI Aviation were worth $727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Orion Portfolio Solutions LLC grew its position in FTAI Aviation by 2.9% during the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after buying an additional 102 shares during the period. MML Investors Services LLC boosted its stake in FTAI Aviation by 6.3% in the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 129 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of FTAI Aviation by 5.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 145 shares during the period. Farther Finance Advisors LLC grew its position in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of FTAI Aviation during the 3rd quarter worth approximately $26,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. Compass Point upped their price target on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, September 27th. BTIG Research began coverage on FTAI Aviation in a report on Monday, August 26th. They issued a “buy” rating and a $140.00 price objective for the company. Jefferies Financial Group upped their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.18.

FTAI Aviation Trading Down 2.5 %

FTAI Aviation stock opened at $131.72 on Friday. FTAI Aviation Ltd. has a 1-year low of $44.15 and a 1-year high of $177.18. The firm has a market capitalization of $13.51 billion, a PE ratio of -1,317.07 and a beta of 2.06. The firm’s 50 day simple moving average is $152.48 and its 200 day simple moving average is $123.43.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same period in the previous year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 60.0% compared to the same quarter last year. Research analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.91%. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

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.