The Manufacturers Life Insurance Company Sells 1,645 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

The Manufacturers Life Insurance Company lowered its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,056 shares of the financial services provider’s stock after selling 1,645 shares during the period. The Manufacturers Life Insurance Company’s holdings in FTAI Aviation were worth $6,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in FTAI Aviation by 1,923.5% during the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after purchasing an additional 924,730 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of FTAI Aviation by 87.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after purchasing an additional 773,017 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after buying an additional 560,179 shares during the period. Victory Capital Management Inc. increased its position in shares of FTAI Aviation by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after buying an additional 264,971 shares in the last quarter. Finally, Vantage Investment Partners LLC bought a new position in FTAI Aviation during the third quarter worth about $32,769,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 4.0 %

FTAI stock opened at $158.35 on Friday. The company has a market cap of $16.24 billion, a price-to-earnings ratio of -1,583.34 and a beta of 2.06. FTAI Aviation Ltd. has a twelve month low of $41.37 and a twelve month high of $177.18. The business has a 50 day moving average price of $150.41 and a two-hundred day moving average price of $120.53.

FTAI Aviation (NYSE:FTAI) last released its 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 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 period in the prior year, the business posted $0.33 earnings per share. FTAI Aviation’s quarterly revenue was up 60.0% compared to the same quarter last year. On average, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.76%. FTAI Aviation’s dividend payout ratio is presently -1,199.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays raised their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group upped 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. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Finally, BTIG Research assumed coverage on FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $166.18.

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.