American Trust Lowers Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

American Trust trimmed its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 35.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,426 shares of the financial services provider’s stock after selling 3,591 shares during the period. American Trust’s holdings in FTAI Aviation were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. ClariVest Asset Management LLC purchased a new position in shares of FTAI Aviation during the 1st quarter valued at approximately $1,802,000. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $58,415,000 after buying an additional 813,311 shares in the last quarter. Orchard Capital Management LLC raised its position in shares of FTAI Aviation by 4.4% in the fourth quarter. Orchard Capital Management LLC now owns 314,708 shares of the financial services provider’s stock worth $14,602,000 after acquiring an additional 13,268 shares during the period. Entropy Technologies LP purchased a new stake in shares of FTAI Aviation during the 1st quarter worth about $340,000. Finally, Virtu Financial LLC purchased a new stake in shares of FTAI Aviation during the 4th quarter worth about $631,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Trading Down 0.9 %

FTAI stock opened at $131.65 on Wednesday. The firm has a 50-day moving average of $117.13 and a two-hundred day moving average of $94.72. FTAI Aviation Ltd. has a 12 month low of $32.66 and a 12 month high of $133.91. The company has a market cap of $13.20 billion, a price-to-earnings ratio of 60.11 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate 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%. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 2.13 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Aviation’s dividend payout ratio is currently 54.79%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FTAI. JMP Securities upped their price target on FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upped their target price on FTAI Aviation from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group boosted their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday. 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 price target for the company. Finally, Citigroup increased their price objective on shares of FTAI Aviation from $81.00 to $99.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.73.

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.