Federated Hermes Inc. Sells 32,591 Shares of FTAI Aviation Ltd. $FTAI

Federated Hermes Inc. lowered its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 15.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,110 shares of the financial services provider’s stock after selling 32,591 shares during the period. Federated Hermes Inc.’s holdings in FTAI Aviation were worth $20,950,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. lifted its stake in shares of FTAI Aviation by 133.1% in the first quarter. Atria Wealth Solutions Inc. now owns 3,324 shares of the financial services provider’s stock worth $369,000 after buying an additional 1,898 shares in the last quarter. Townsquare Capital LLC purchased a new stake in FTAI Aviation during the 1st quarter valued at $420,000. Nuveen LLC bought a new stake in shares of FTAI Aviation in the 1st quarter worth $41,789,000. Russell Investments Group Ltd. raised its stake in shares of FTAI Aviation by 14.5% in the first quarter. Russell Investments Group Ltd. now owns 164,772 shares of the financial services provider’s stock worth $18,306,000 after purchasing an additional 20,880 shares during the last quarter. Finally, Tejara Capital Ltd bought a new position in shares of FTAI Aviation during the first quarter valued at $4,774,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

FTAI has been the subject of several research analyst reports. Jones Trading started coverage on FTAI Aviation in a report on Friday, October 10th. They issued a “buy” rating and a $306.00 price objective for the company. Morgan Stanley raised their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. BTIG Research reissued a “buy” rating and set a $230.00 price objective on shares of FTAI Aviation in a report on Wednesday, November 19th. Barclays raised their target price on shares of FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $201.11.

Insider Buying and Selling

In other FTAI Aviation news, COO David Moreno acquired 4,354 shares of the stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the transaction, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

FTAI Aviation Stock Up 2.2%

NASDAQ FTAI opened at $181.27 on Wednesday. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $194.36. The company has a market capitalization of $18.59 billion, a P/E ratio of 41.39 and a beta of 1.56. The stock’s 50-day moving average price is $168.83 and its 200-day moving average price is $147.99.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The firm had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.FTAI Aviation’s revenue was up 43.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 EPS. Research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio is presently 31.96%.

About FTAI Aviation

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.