King Luther Capital Management Corp Trims Stake in FTAI Aviation Ltd. (NYSE:FTAI)

King Luther Capital Management Corp cut its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 29.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 777,099 shares of the financial services provider’s stock after selling 330,585 shares during the period. King Luther Capital Management Corp owned about 0.78% of FTAI Aviation worth $80,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new position in shares of FTAI Aviation during the 2nd quarter valued at about $33,000. Ridgewood Investments LLC bought a new stake in FTAI Aviation during the 2nd quarter worth approximately $59,000. Tucker Asset Management LLC lifted its holdings in FTAI Aviation by 726.5% during the fourth 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. Kapitalo Investimentos Ltda bought a new position in shares of FTAI Aviation in the fourth quarter worth approximately $109,000. Finally, EverSource Wealth Advisors LLC increased 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 worth $202,000 after purchasing an additional 1,790 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Trading Up 3.0 %

FTAI opened at $130.22 on Friday. FTAI Aviation Ltd. has a 12 month low of $32.66 and a 12 month high of $132.41. The stock has a 50-day moving average of $112.20 and a 200 day moving average of $89.92. The firm has a market cap of $13.05 billion, a P/E ratio of 59.46 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $443.59 million during the quarter, compared to the consensus estimate of $361.92 million. FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. On average, research analysts forecast that FTAI Aviation Ltd. will post 2.13 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Monday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FTAI shares. Morgan Stanley lifted their target price on shares of FTAI Aviation from $105.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Citigroup upped their target price on shares of FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Jefferies Financial Group assumed coverage on shares of FTAI Aviation in a report on Tuesday, June 25th. They set a “buy” rating and a $120.00 price objective for the company. Finally, Compass Point lifted their target price on FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.09.

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.