King Luther Capital Management Corp Lowers Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

King Luther Capital Management Corp reduced its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 726,199 shares of the financial services provider’s stock after selling 50,900 shares during the period. King Luther Capital Management Corp owned 0.71% of FTAI Aviation worth $96,512,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FTAI. Arcadia Investment Management Corp MI purchased a new position in shares of FTAI Aviation in the 2nd quarter valued at $33,000. Farther Finance Advisors LLC lifted its stake in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of FTAI Aviation in the second quarter worth about $59,000. EverSource Wealth Advisors LLC grew its stake in shares of FTAI Aviation by 165.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock valued at $202,000 after buying an additional 1,790 shares in the last quarter. Finally, RiverPark Advisors LLC purchased a new stake in shares of FTAI Aviation during the 2nd quarter valued at about $202,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on FTAI shares. Barclays increased their price objective on shares of FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. Compass Point boosted their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada restated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Friday, November 1st. Finally, Citigroup boosted their price target on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average target price of $162.09.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $171.21 on Thursday. FTAI Aviation Ltd. has a 12 month low of $40.29 and a 12 month high of $173.97. The company has a fifty day moving average price of $142.33 and a two-hundred day moving average price of $114.26. The company has a market cap of $17.56 billion, a PE ratio of 70.67 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The business had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company’s quarterly revenue was up 60.0% on a year-over-year basis. During the same period last year, the firm posted $0.33 earnings per share. Equities research analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is -1,199.88%.

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.