Allspring Global Investments Holdings LLC Decreases Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Allspring Global Investments Holdings LLC cut its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,984 shares of the financial services provider’s stock after selling 2,321 shares during the period. Allspring Global Investments Holdings LLC’s holdings in FTAI Aviation were worth $834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTAI. FMR LLC lifted its position in FTAI Aviation by 179.7% in the third quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock valued at $221,014,000 after acquiring an additional 3,994,578 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in FTAI Aviation by 36.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock valued at $97,286,000 after purchasing an additional 736,400 shares during the period. Wellington Management Group LLP acquired a new position in FTAI Aviation in the third quarter valued at $12,077,000. Victory Capital Management Inc. increased its stake in FTAI Aviation by 2,121.9% in the third quarter. Victory Capital Management Inc. now owns 237,635 shares of the financial services provider’s stock valued at $8,448,000 after purchasing an additional 226,940 shares during the period. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in FTAI Aviation in the fourth quarter valued at $7,766,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Trading Up 1.0 %

Shares of FTAI opened at $73.45 on Thursday. The firm’s 50-day moving average is $62.79 and its two-hundred day moving average is $50.65. FTAI Aviation Ltd. has a twelve month low of $26.58 and a twelve month high of $74.44. The firm has a market capitalization of $7.36 billion, a P/E ratio of 34.98 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.72. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. The company had revenue of $312.74 million for the quarter, compared to analyst estimates of $310.04 million. During the same period in the prior year, the business posted $0.20 earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts predict that FTAI Aviation Ltd. will post 2.43 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.63%. FTAI Aviation’s payout ratio is currently 57.14%.

Analyst Ratings Changes

A number of research analysts have commented on FTAI shares. StockNews.com lowered shares of FTAI Aviation from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Barclays lifted their price objective on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Morgan Stanley lifted their price objective on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Stifel Nicolaus reiterated a “hold” rating and set a $59.00 price target (up from $40.00) on shares of FTAI Aviation in a research note on Monday, February 26th. Finally, Benchmark boosted their price target on shares of FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.25.

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.