FTAI Aviation Ltd. $FTAI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 361,238 shares of the financial services provider’s stock after selling 36,581 shares during the period. Bank of New York Mellon Corp’s holdings in FTAI Aviation were worth $41,557,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FTAI. Royce & Associates LP raised its position in shares of FTAI Aviation by 97.9% during the 1st quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider’s stock valued at $45,661,000 after buying an additional 203,447 shares during the period. Maryland State Retirement & Pension System acquired a new stake in FTAI Aviation during the second quarter worth $570,000. Harbor Capital Advisors Inc. raised its position in FTAI Aviation by 4.5% in the second quarter. Harbor Capital Advisors Inc. now owns 154,462 shares of the financial services provider’s stock valued at $17,769,000 after purchasing an additional 6,709 shares during the period. Peregrine Capital Management LLC lifted its stake in shares of FTAI Aviation by 1.8% in the 2nd quarter. Peregrine Capital Management LLC now owns 91,373 shares of the financial services provider’s stock valued at $10,512,000 after purchasing an additional 1,632 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its stake in shares of FTAI Aviation by 150.0% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 5,000 shares of the financial services provider’s stock valued at $555,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FTAI shares. BTIG Research reissued a “buy” rating and set a $230.00 price objective on shares of FTAI Aviation in a research report on Monday, October 20th. Barclays boosted their price target on shares of FTAI Aviation from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. JMP Securities increased their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, Morgan Stanley boosted their target price on FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.11.

FTAI Aviation Stock Down 1.5%

Shares of FTAI Aviation stock opened at $153.57 on Thursday. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $194.36. The company has a market capitalization of $15.75 billion, a P/E ratio of 35.06 and a beta of 1.67. The company has a 50 day moving average of $170.34 and a 200 day moving average of $140.28.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The firm had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. During the same period in the prior year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 43.2% on a year-over-year basis. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 10th. FTAI Aviation’s dividend payout ratio is 31.96%.

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.