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

Diamond Hill Capital Management Inc. lessened its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 33.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,501 shares of the financial services provider’s stock after selling 48,687 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.10% of FTAI Aviation worth $10,065,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in FTAI Aviation by 25.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,681 shares of the financial services provider’s stock valued at $3,374,000 after buying an additional 6,599 shares in the last quarter. O Neil Global Advisors Inc. grew its holdings in FTAI Aviation by 269.4% during the 2nd quarter. O Neil Global Advisors Inc. now owns 19,753 shares of the financial services provider’s stock valued at $2,039,000 after buying an additional 14,406 shares in the last quarter. Nicholas Investment Partners LP bought a new stake in shares of FTAI Aviation during the 2nd quarter valued at about $15,718,000. American Century Companies Inc. boosted its position in shares of FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after acquiring an additional 924,730 shares during the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of FTAI Aviation during the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Up 3.4 %

Shares of NYSE FTAI opened at $125.23 on Monday. The firm has a fifty day simple moving average of $110.72 and a two-hundred day simple moving average of $88.69. FTAI Aviation Ltd. has a 12 month low of $32.66 and a 12 month high of $128.45. The firm has a market capitalization of $12.80 billion, a PE ratio of 57.18 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The company 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, sell-side analysts predict that FTAI Aviation Ltd. will post 2.13 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.96%. FTAI Aviation’s dividend payout ratio (DPR) is 54.79%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FTAI shares. Jefferies Financial Group started coverage on FTAI Aviation in a research report on Tuesday, June 25th. They set a “buy” rating and a $120.00 price target for the company. Compass Point lifted their price target on FTAI Aviation from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft boosted their target price on FTAI Aviation from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. JMP Securities boosted their target price on FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.