Diamond Hill Capital Management Inc. Trims Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Diamond Hill Capital Management Inc. decreased its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 33.3% during the second quarter, Holdings Channel reports. The fund owned 97,501 shares of the financial services provider’s stock after selling 48,687 shares during the period. Diamond Hill Capital Management Inc.’s holdings in FTAI Aviation were worth $10,065,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new stake in shares of FTAI Aviation in the 2nd quarter worth approximately $33,000. Ridgewood Investments LLC purchased a new stake in FTAI Aviation during the 2nd quarter valued at about $59,000. Tucker Asset Management LLC increased its stake in FTAI Aviation by 726.5% during the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,453 shares in the last quarter. RiverPark Advisors LLC purchased a new position in FTAI Aviation in the second quarter worth about $202,000. Finally, CWM LLC lifted its stake in shares of FTAI Aviation by 88.0% in the second quarter. CWM LLC now owns 1,998 shares of the financial services provider’s stock worth $206,000 after buying an additional 935 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 3.4 %

Shares of FTAI Aviation stock opened at $125.23 on Monday. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 57.18 and a beta of 2.04. The company’s 50 day moving average is $110.72 and its 200 day moving average is $88.69. FTAI Aviation Ltd. has a twelve month low of $32.66 and a twelve month high of $128.45.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. The company had revenue of $443.59 million for the quarter, compared to the consensus estimate of $361.92 million. Sell-side analysts expect that FTAI Aviation Ltd. will post 2.13 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were given a $0.30 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.96%. FTAI Aviation’s payout ratio is presently 54.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wolfe Research downgraded shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 10th. Barclays upped their target price on shares of FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and upped their target price for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada upped their target price on shares of FTAI Aviation from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One investment 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. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

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.