Diamond Hill Capital Management Inc. Sells 41,856 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Diamond Hill Capital Management Inc. lessened its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 42.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,645 shares of the financial services provider’s stock after selling 41,856 shares during the period. Diamond Hill Capital Management Inc. owned 0.05% of FTAI Aviation worth $7,395,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC grew its holdings in FTAI Aviation by 5.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after acquiring an additional 145 shares during the period. Farther Finance Advisors LLC boosted its position in shares of FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of FTAI Aviation by 2.0% during the second quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock worth $1,163,000 after purchasing an additional 216 shares during the period. Xponance Inc. increased its holdings in FTAI Aviation by 4.1% in the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 248 shares during the last quarter. Finally, Atria Investments Inc lifted its stake in FTAI Aviation by 3.9% in the third quarter. Atria Investments Inc now owns 6,630 shares of the financial services provider’s stock valued at $881,000 after buying an additional 251 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on FTAI. Benchmark upped their price target on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Citigroup boosted their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Barclays raised their price objective on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $162.09.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $164.68 on Tuesday. The company has a market capitalization of $16.83 billion, a price-to-earnings ratio of -1,646.64 and a beta of 2.04. FTAI Aviation Ltd. has a 52 week low of $40.01 and a 52 week high of $165.84. The company has a 50-day simple moving average of $135.65 and a 200 day simple moving average of $110.10.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. FTAI Aviation’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation’s payout ratio is -1,199.88%.

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.