Royce & Associates LP Sells 77,418 Shares of FTAI Aviation Ltd. $FTAI

Royce & Associates LP cut its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 27.3% during the 4th quarter, Holdings Channel reports. The firm owned 205,922 shares of the financial services provider’s stock after selling 77,418 shares during the period. Royce & Associates LP’s holdings in FTAI Aviation were worth $40,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in FTAI. AQR Capital Management LLC bought a new position in shares of FTAI Aviation during the first quarter worth approximately $242,000. Cetera Investment Advisers increased its holdings in shares of FTAI Aviation by 73.3% during the second quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock worth $644,000 after purchasing an additional 2,368 shares during the period. Invesco Ltd. increased its holdings in shares of FTAI Aviation by 23.8% during the second quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock worth $48,015,000 after purchasing an additional 80,341 shares during the period. Amundi increased its holdings in shares of FTAI Aviation by 16,560.0% during the second quarter. Amundi now owns 2,499 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 2,484 shares during the period. Finally, Jump Financial LLC bought a new position in shares of FTAI Aviation during the second quarter worth approximately $2,736,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

NASDAQ FTAI opened at $252.13 on Tuesday. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The firm has a market capitalization of $25.86 billion, a price-to-earnings ratio of 50.03, a P/E/G ratio of 1.02 and a beta of 1.49. The firm’s 50 day simple moving average is $246.50 and its 200 day simple moving average is $232.85. FTAI Aviation Ltd. has a 1 year low of $108.47 and a 1 year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. As a group, research analysts expect that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays raised their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. BTIG Research raised their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and a consensus price target of $326.88.

Insider Activity

In related news, Director Martin Tuchman sold 67,500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the sale, the director owned 210,491 shares in the company, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 254,260 shares of company stock worth $61,534,703. Company insiders own 1.35% of the company’s stock.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.