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

Voya Investment Management LLC decreased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 87.3% in the third quarter, Holdings Channel.com reports. The firm owned 11,295 shares of the financial services provider’s stock after selling 77,324 shares during the period. Voya Investment Management LLC’s holdings in FTAI Aviation were worth $1,885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC lifted its stake in FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in FTAI Aviation during the 2nd quarter valued at about $60,000. Assetmark Inc. grew its position in FTAI Aviation by 15.8% during the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 87 shares during the last quarter. GAMMA Investing LLC grew its position in FTAI Aviation by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 97 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in FTAI Aviation by 3,692.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 948 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 923 shares during the period. Institutional investors own 88.96% of the company’s stock.

Insider Activity at FTAI Aviation

In other news, COO David Moreno purchased 4,354 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought 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 $670,037.06. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on FTAI shares. Jones Trading initiated coverage on FTAI Aviation in a research note on Friday, October 10th. They set a “buy” rating and a $306.00 price objective for the company. Royal Bank Of Canada increased their price target on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of FTAI Aviation in a report on Monday, December 15th. BTIG Research reaffirmed a “buy” rating and set a $230.00 price objective on shares of FTAI Aviation in a research note on Wednesday, November 19th. Finally, Barclays raised their target price on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $203.63.

FTAI Aviation Trading Up 0.5%

Shares of NASDAQ FTAI opened at $174.19 on Monday. The firm has a fifty day simple moving average of $169.43 and a two-hundred day simple moving average of $152.69. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $194.36. The firm has a market capitalization of $17.87 billion, a PE ratio of 39.77 and a beta of 1.56.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The company had revenue of $667.06 million for the quarter, compared to analysts’ expectations of $662.51 million. During the same quarter in the prior year, the firm earned $0.76 EPS. FTAI Aviation’s quarterly revenue was up 43.2% compared to the same quarter last year. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

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

FTAI Aviation Company 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.