First Eagle Investment Management LLC Cuts Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

First Eagle Investment Management LLC cut its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 10.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 227,702 shares of the financial services provider’s stock after selling 27,787 shares during the period. First Eagle Investment Management LLC owned 0.23% of FTAI Aviation worth $23,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in FTAI Aviation by 6.3% during the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock valued at $608,426,000 after acquiring an additional 533,381 shares during the period. Capital International Investors acquired a new stake in FTAI Aviation during the 1st quarter worth approximately $274,052,000. CIBC Private Wealth Group LLC raised its holdings in FTAI Aviation by 90.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after buying an additional 1,359,302 shares during the period. Norges Bank acquired a new position in FTAI Aviation during the fourth quarter valued at approximately $55,039,000. Finally, American Century Companies Inc. grew its stake 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 worth $100,423,000 after buying an additional 924,730 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

FTAI opened at $126.43 on Thursday. FTAI Aviation Ltd. has a 12-month low of $32.66 and a 12-month high of $130.52. The stock has a market capitalization of $12.67 billion, a PE ratio of 57.73 and a beta of 2.04. The firm’s fifty day moving average price is $111.58 and its 200 day moving average price is $89.67.

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 analyst estimates 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, equities research analysts forecast that FTAI Aviation Ltd. will post 2.13 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.95%. FTAI Aviation’s payout ratio is 54.79%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wolfe Research lowered shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 10th. Barclays boosted their price objective on FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Morgan Stanley raised their target price on FTAI Aviation from $105.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Citigroup upped their price target on FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Finally, Compass Point lifted their price objective on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.00.

About FTAI Aviation

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.