Channing Capital Management LLC Sells 32,508 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Channing Capital Management LLC trimmed its position in FTAI Aviation Ltd. (NYSE:FTAI) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 166,311 shares of the financial services provider’s stock after selling 32,508 shares during the period. Channing Capital Management LLC owned approximately 0.17% of FTAI Aviation worth $7,717,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in shares of FTAI Aviation by 37.4% in the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after buying an additional 231 shares in the last quarter. Arizona State Retirement System increased its stake in shares of FTAI Aviation by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 28,396 shares of the financial services provider’s stock worth $1,009,000 after purchasing an additional 384 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in FTAI Aviation by 25.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 657 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in FTAI Aviation by 2.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,389 shares of the financial services provider’s stock worth $2,106,000 after purchasing an additional 902 shares during the period. Finally, CWM LLC acquired a new position in FTAI Aviation during the fourth quarter worth approximately $43,000. Institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JMP Securities boosted their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a “market outperform” rating in a report on Monday, April 29th. Stifel Nicolaus increased their target price on FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Compass Point upped their price objective on FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada started coverage on FTAI Aviation in a report on Friday. They set an “outperform” rating and a $85.00 target price for the company. Finally, Morgan Stanley upped their price target 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.95.

FTAI Aviation Trading Up 0.3 %

FTAI Aviation stock traded up $0.27 during mid-day trading on Monday, reaching $78.59. The company had a trading volume of 801,775 shares, compared to its average volume of 887,976. The business has a fifty day simple moving average of $65.87 and a 200 day simple moving average of $52.83. The company has a market cap of $7.88 billion, a P/E ratio of 35.76 and a beta of 1.90. FTAI Aviation Ltd. has a fifty-two week low of $26.94 and a fifty-two week high of $81.40.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The firm had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. Research analysts forecast that FTAI Aviation Ltd. will post 1.88 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, May 9th. FTAI Aviation’s dividend payout ratio (DPR) is 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.