Thrivent Financial for Lutherans Sells 3,776 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Thrivent Financial for Lutherans decreased its position in FTAI Aviation Ltd. (NYSE:FTAI) by 10.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,593 shares of the financial services provider’s stock after selling 3,776 shares during the quarter. Thrivent Financial for Lutherans’ holdings in FTAI Aviation were worth $4,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FTAI. Price T Rowe Associates Inc. MD increased its position in FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after buying an additional 813,311 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in FTAI Aviation during the 1st quarter worth approximately $775,000. Janus Henderson Group PLC lifted its holdings in FTAI Aviation by 164.2% during the first quarter. Janus Henderson Group PLC now owns 127,103 shares of the financial services provider’s stock valued at $8,552,000 after purchasing an additional 78,991 shares in the last quarter. Castleark Management LLC boosted its stake in shares of FTAI Aviation by 37.2% in the first quarter. Castleark Management LLC now owns 120,220 shares of the financial services provider’s stock worth $8,091,000 after acquiring an additional 32,570 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in shares of FTAI Aviation during the first quarter worth about $305,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Down 0.7 %

Shares of NYSE:FTAI opened at $173.71 on Monday. The business’s 50 day moving average is $144.37 and its 200 day moving average is $115.87. The stock has a market cap of $17.81 billion, a P/E ratio of -1,736.93 and a beta of 2.04. FTAI Aviation Ltd. has a 52-week low of $40.29 and a 52-week high of $177.18.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data 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 net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 60.0% compared to the same quarter last year. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, November 14th. FTAI Aviation’s payout ratio is -1,199.88%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. BTIG Research began coverage on shares of FTAI Aviation in a report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price on the stock. Jefferies Financial Group increased their price target 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. Deutsche Bank Aktiengesellschaft boosted their price objective on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Barclays raised their price objective on FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.09.

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.