Counterpoint Mutual Funds LLC Sells 297 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Counterpoint Mutual Funds LLC cut its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,364 shares of the financial services provider’s stock after selling 297 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in FTAI Aviation were worth $294,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. CIBC Private Wealth Group LLC grew its position in FTAI Aviation by 90.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after acquiring an additional 1,359,302 shares during the last quarter. Norges Bank bought a new position in FTAI Aviation during the 4th quarter worth approximately $55,039,000. Pingora Partners LLC bought a new position in FTAI Aviation during the 4th quarter worth approximately $29,147,000. Wellington Management Group LLP grew its position in FTAI Aviation by 159.1% during the 4th quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock worth $40,836,000 after acquiring an additional 540,379 shares during the last quarter. Finally, Axiom Investors LLC DE grew its position in FTAI Aviation by 449.7% during the 4th quarter. Axiom Investors LLC DE now owns 369,292 shares of the financial services provider’s stock worth $17,135,000 after acquiring an additional 302,112 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on FTAI shares. Morgan Stanley raised their price target on FTAI Aviation from $85.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft raised their price target on FTAI Aviation from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. JMP Securities increased their price objective on FTAI Aviation from $66.00 to $85.00 and gave the stock a “market outperform” rating in a report on Monday, April 29th. Benchmark reiterated a “buy” rating and issued a $100.00 price objective on shares of FTAI Aviation in a report on Friday, June 7th. Finally, Barclays increased their price objective on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $84.29.

Insider Activity

In related news, CEO Joseph P. Jr. Adams acquired 59,000 shares of the stock in a transaction on Thursday, May 30th. The stock was acquired at an average price of $82.00 per share, for a total transaction of $4,838,000.00. Following the completion of the purchase, the chief executive officer now owns 197,382 shares of the company’s stock, valued at $16,185,324. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

FTAI Aviation Stock Performance

Shares of FTAI traded up $1.04 on Wednesday, reaching $100.71. The stock had a trading volume of 1,345,106 shares, compared to its average volume of 939,111. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 45.51 and a beta of 1.95. The company has a 50-day simple moving average of $80.65 and a 200-day simple moving average of $64.26. FTAI Aviation Ltd. has a 12-month low of $27.94 and a 12-month high of $101.53.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.31 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 analysts’ expectations of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 EPS. On average, analysts expect that FTAI Aviation Ltd. will post 2.09 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, May 9th. FTAI Aviation’s payout ratio is presently 54.79%.

FTAI Aviation Company 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.