FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 36.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,018 shares of the financial services provider’s stock after selling 7,603 shares during the period. Federated Hermes Inc.’s holdings in FTAI Aviation were worth $1,344,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FTAI. Arcadia Investment Management Corp MI acquired a new position in FTAI Aviation in the second quarter valued at $33,000. Ridgewood Investments LLC acquired a new position in FTAI Aviation during the second quarter worth approximately $59,000. Tucker Asset Management LLC increased its position in FTAI Aviation by 726.5% during the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after buying an additional 1,453 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in FTAI Aviation in the fourth quarter valued at approximately $109,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of FTAI Aviation by 165.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 1,790 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on FTAI shares. BTIG Research assumed coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 price target for the company. Wolfe Research downgraded shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 10th. Barclays raised their price target on FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada upped their price objective on FTAI Aviation from $120.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Jefferies Financial Group assumed coverage on FTAI Aviation in a report on Tuesday, June 25th. They set a “buy” rating and a $120.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average price target of $126.09.

FTAI Aviation Stock Up 0.1 %

Shares of FTAI opened at $130.39 on Friday. FTAI Aviation Ltd. has a 52-week low of $32.66 and a 52-week high of $132.94. The company has a 50-day simple moving average of $112.87 and a 200-day simple moving average of $90.20. The company has a market capitalization of $13.07 billion, a PE ratio of 59.54 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The company had revenue of $443.59 million during the quarter, compared to analysts’ expectations of $361.92 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. On average, research analysts anticipate that FTAI Aviation Ltd. will post 2.13 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.92%. FTAI Aviation’s payout ratio is 54.79%.

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.