FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,593 shares of the financial services provider’s stock after selling 3,776 shares during the quarter. Thrivent Financial for Lutherans’ holdings in FTAI Aviation were worth $4,332,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. RiverPark Advisors LLC boosted its holdings in FTAI Aviation by 115.8% in the third quarter. RiverPark Advisors LLC now owns 4,231 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 2,270 shares during the last quarter. Natixis Advisors LLC acquired a new stake in FTAI Aviation during the third quarter worth about $1,891,000. Royce & Associates LP raised its position in FTAI Aviation by 3.6% during the third quarter. Royce & Associates LP now owns 352,627 shares of the financial services provider’s stock valued at $46,864,000 after acquiring an additional 12,097 shares in the last quarter. CIBC Asset Management Inc acquired a new position in FTAI Aviation in the third quarter valued at approximately $431,000. Finally, KBC Group NV boosted its position in FTAI Aviation by 8.2% in the 3rd quarter. KBC Group NV now owns 2,705 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 206 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 0.7 %

FTAI Aviation stock opened at $173.71 on Monday. FTAI Aviation Ltd. has a 52-week low of $40.29 and a 52-week high of $177.18. The firm has a market cap of $17.81 billion, a PE ratio of -1,736.93 and a beta of 2.04. The company’s 50 day moving average is $144.37 and its two-hundred day moving average is $115.87.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the previous year, the firm earned $0.33 EPS. FTAI Aviation’s revenue for the quarter was up 60.0% compared to the same quarter last year. On average, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

Analyst Ratings Changes

FTAI has been the topic of several recent analyst reports. Barclays increased their target price on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Compass Point boosted their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Friday, November 1st. Citigroup increased their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Benchmark lifted their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.09.

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.