Allspring Global Investments Holdings LLC Reduces Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Allspring Global Investments Holdings LLC trimmed its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 34.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,034 shares of the financial services provider’s stock after selling 6,908 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in FTAI Aviation were worth $1,345,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of FTAI Aviation in the 4th quarter worth about $6,722,000. CWM LLC purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at about $43,000. Truist Financial Corp acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $273,000. Victory Capital Management Inc. increased its stake in shares of FTAI Aviation by 14.2% during the 4th quarter. Victory Capital Management Inc. now owns 271,347 shares of the financial services provider’s stock worth $12,591,000 after purchasing an additional 33,712 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of FTAI Aviation by 23.2% during the 4th quarter. Private Advisor Group LLC now owns 11,433 shares of the financial services provider’s stock worth $530,000 after purchasing an additional 2,153 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

FTAI has been the subject of several recent research reports. Citigroup raised their price target on FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Jefferies Financial Group assumed coverage on FTAI Aviation in a research report on Tuesday, June 25th. They set a “buy” rating and a $120.00 price objective for the company. Wolfe Research downgraded shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 10th. Benchmark lifted their price target on shares of FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Barclays boosted their price objective on shares of FTAI Aviation from $80.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

FTAI Aviation Stock Down 7.7 %

NYSE:FTAI opened at $117.93 on Wednesday. FTAI Aviation Ltd. has a fifty-two week low of $32.66 and a fifty-two week high of $128.45. The firm’s 50 day moving average is $108.68 and its two-hundred day moving average is $85.17. The company has a market cap of $11.82 billion, a P/E ratio of 53.85 and a beta of 2.03.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. The firm had revenue of $443.59 million during the quarter, compared to analyst estimates of $361.92 million. Research analysts forecast that FTAI Aviation Ltd. will post 1.29 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Monday, August 12th. FTAI Aviation’s dividend payout ratio is currently 54.79%.

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.