King Luther Capital Management Corp Sells 46,202 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

King Luther Capital Management Corp lowered its position in FTAI Aviation Ltd. (NYSE:FTAI) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,143,284 shares of the financial services provider’s stock after selling 46,202 shares during the period. King Luther Capital Management Corp owned about 1.14% of FTAI Aviation worth $53,048,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of FTAI Aviation by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 8,422,511 shares of the financial services provider’s stock valued at $299,420,000 after purchasing an additional 110,367 shares during the last quarter. FMR LLC lifted its holdings in shares of FTAI Aviation by 179.7% in the 3rd quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock valued at $221,014,000 after acquiring an additional 3,994,578 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of FTAI Aviation by 36.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock valued at $97,286,000 after acquiring an additional 736,400 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of FTAI Aviation by 1.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,657,619 shares of the financial services provider’s stock valued at $94,478,000 after acquiring an additional 31,815 shares during the last quarter. Finally, Norges Bank bought a new position in shares of FTAI Aviation in the 4th quarter valued at about $55,039,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

NYSE FTAI traded down $0.14 on Wednesday, reaching $82.79. 529,649 shares of the company’s stock traded hands, compared to its average volume of 870,076. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 36.56 and a beta of 1.90. The stock has a 50 day moving average price of $71.06 and a 200-day moving average price of $56.46. FTAI Aviation Ltd. has a fifty-two week low of $27.29 and a fifty-two week high of $84.17.

FTAI Aviation (NYSE:FTAI) last posted its earnings results 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 net margin of 21.08% and a return on equity of 188.45%. The business had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 1.88 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.45%. FTAI Aviation’s payout ratio is 54.79%.

Analysts Set New Price Targets

Several analysts have issued reports on FTAI shares. Stifel Nicolaus raised their price objective on shares of FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Compass Point raised their target price on shares of FTAI Aviation from $71.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. JMP Securities lifted their price objective on shares of FTAI Aviation from $66.00 to $85.00 and gave the company a “market outperform” rating in a report on Monday, April 29th. Barclays lifted their price objective on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, StockNews.com lowered shares of FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $68.95.

About FTAI Aviation

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.