Mackenzie Financial Corp Has $484,000 Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Mackenzie Financial Corp decreased its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 11.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,424 shares of the financial services provider’s stock after selling 1,357 shares during the quarter. Mackenzie Financial Corp’s holdings in FTAI Aviation were worth $484,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FTAI. CFM Wealth Partners LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $4,186,000. Axxcess Wealth Management LLC bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at $957,000. First Eagle Investment Management LLC grew its holdings in shares of FTAI Aviation by 19.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 302,635 shares of the financial services provider’s stock worth $10,759,000 after purchasing an additional 49,702 shares in the last quarter. Vanguard Group Inc. increased its position in shares of FTAI Aviation by 1.3% in the third quarter. Vanguard Group Inc. now owns 8,422,511 shares of the financial services provider’s stock worth $299,420,000 after purchasing an additional 110,367 shares during the period. Finally, Northern Trust Corp raised its stake in FTAI Aviation by 2.4% in the third quarter. Northern Trust Corp now owns 965,286 shares of the financial services provider’s stock valued at $34,316,000 after purchasing an additional 22,502 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on FTAI. Compass Point raised their target price on shares of FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a report on Friday. StockNews.com lowered shares of FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Morgan Stanley upped their price objective on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Stifel Nicolaus restated a “hold” rating and issued a $59.00 target price (up previously from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Finally, Barclays upped their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.45.

FTAI Aviation Trading Down 3.4 %

Shares of FTAI opened at $70.75 on Friday. The stock’s 50-day moving average price is $63.57 and its two-hundred day moving average price is $50.97. FTAI Aviation Ltd. has a 12 month low of $26.79 and a 12 month high of $74.99. The company has a market capitalization of $7.09 billion, a PE ratio of 33.69 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The company had revenue of $326.70 million for the quarter, compared to the consensus estimate of $302.07 million. During the same quarter last year, the business earned $0.22 earnings per share. FTAI Aviation’s revenue was up 11.6% compared to the same quarter last year. Equities research analysts predict that FTAI Aviation Ltd. will post 2.43 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 8th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Thursday, March 7th. FTAI Aviation’s dividend payout ratio is currently 57.14%.

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.