Voya Investment Management LLC Sells 77,324 Shares of FTAI Aviation Ltd. $FTAI

Voya Investment Management LLC reduced its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 87.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,295 shares of the financial services provider’s stock after selling 77,324 shares during the quarter. Voya Investment Management LLC’s holdings in FTAI Aviation were worth $1,885,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FTAI. Ensign Peak Advisors Inc increased its holdings in FTAI Aviation by 67.4% during the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after buying an additional 1,238,294 shares during the last quarter. Norges Bank purchased a new stake in shares of FTAI Aviation during the 2nd quarter worth approximately $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of FTAI Aviation by 1,678.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock worth $131,208,000 after purchasing an additional 1,076,416 shares during the period. Northern Right Capital Management L.P. lifted its stake in FTAI Aviation by 884.1% in the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after purchasing an additional 795,675 shares during the last quarter. Finally, Rubric Capital Management LP grew its holdings in FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after purchasing an additional 749,080 shares during the period. Institutional investors own 88.96% of the company’s stock.

Insider Activity

In related news, COO David Moreno acquired 4,354 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $153.89 per share, with a total value of $670,037.06. Following the acquisition, the chief operating officer owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

FTAI Aviation Trading Up 0.5%

Shares of NASDAQ:FTAI opened at $174.19 on Monday. The company has a 50 day moving average of $169.43 and a 200 day moving average of $152.69. The stock has a market cap of $17.87 billion, a P/E ratio of 39.77 and a beta of 1.56. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The firm had revenue of $667.06 million during 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%.The company’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. On average, equities analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were given a dividend of $0.35 per share. The ex-dividend date was Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio (DPR) is 31.96%.

Analyst Ratings Changes

FTAI has been the subject of several research reports. Royal Bank Of Canada increased their price target on FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Zacks Research downgraded shares of FTAI Aviation from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Barclays lifted their target price on shares of FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Wall Street Zen cut shares of FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, BTIG Research reiterated a “buy” rating and issued a $230.00 price objective on shares of FTAI Aviation in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.63.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.