FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp decreased its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,474 shares of the financial services provider’s stock after selling 4,225 shares during the quarter. CHURCHILL MANAGEMENT Corp owned approximately 0.15% of FTAI Aviation worth $22,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new stake in FTAI Aviation in the second quarter valued at $369,000. Envestnet Asset Management Inc. boosted its position in shares of FTAI Aviation by 25.3% during the second quarter. Envestnet Asset Management Inc. now owns 32,681 shares of the financial services provider’s stock worth $3,374,000 after buying an additional 6,599 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of FTAI Aviation in the 2nd quarter valued at $845,000. Argent Trust Co purchased a new stake in shares of FTAI Aviation in the 2nd quarter valued at $723,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in FTAI Aviation during the 2nd quarter valued at about $261,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FTAI shares. Citigroup increased their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Jefferies Financial Group lifted their target price on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Friday, January 10th. Compass Point increased their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and an average price target of $177.33.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $116.08 on Thursday. The business has a 50 day simple moving average of $152.65 and a 200-day simple moving average of $132.43. FTAI Aviation Ltd. has a 12 month low of $47.21 and a 12 month high of $181.64. The stock has a market capitalization of $11.90 billion, a PE ratio of -1,160.68 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same quarter last year, the business posted $0.33 EPS. The firm’s revenue was up 60.0% on a year-over-year basis. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is -1,200.00%.

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.