FTAI Aviation Ltd. (NASDAQ:FTAI) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC decreased its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 63.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,396 shares of the financial services provider’s stock after selling 303,623 shares during the quarter. Lord Abbett & CO. LLC owned 0.17% of FTAI Aviation worth $19,252,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FTAI. Capital International Investors boosted its position in FTAI Aviation by 39.7% during the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock valued at $1,537,940,000 after purchasing an additional 3,034,838 shares during the period. Hood River Capital Management LLC boosted its position in FTAI Aviation by 8.0% during the 4th quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider’s stock valued at $298,137,000 after purchasing an additional 153,909 shares during the period. Two Sigma Advisers LP boosted its position in FTAI Aviation by 24.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider’s stock valued at $188,030,000 after purchasing an additional 256,800 shares during the period. Northern Trust Corp boosted its position in FTAI Aviation by 7.3% during the 4th quarter. Northern Trust Corp now owns 1,035,951 shares of the financial services provider’s stock valued at $149,218,000 after purchasing an additional 70,775 shares during the period. Finally, Two Sigma Investments LP boosted its position in FTAI Aviation by 16.6% during the 4th quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider’s stock valued at $121,681,000 after purchasing an additional 120,289 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FTAI. Wall Street Zen upgraded FTAI Aviation from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada lifted their target price on FTAI Aviation from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Barclays cut their target price on FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Finally, Citizens Jmp raised FTAI Aviation to a “strong-buy” rating in a research note on Thursday, May 8th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $176.42.

FTAI Aviation Stock Performance

FTAI opened at $144.72 on Friday. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The stock’s fifty day moving average is $124.03 and its 200-day moving average is $115.15. The company has a market capitalization of $14.84 billion, a PE ratio of 35.82 and a beta of 1.61.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.24. The company had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%. The company’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.26) EPS. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation’s payout ratio is 29.70%.

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.