FTAI Aviation Ltd. (NYSE:FTAI) Stake Decreased by King Luther Capital Management Corp

King Luther Capital Management Corp cut its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 6.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 726,199 shares of the financial services provider’s stock after selling 50,900 shares during the period. King Luther Capital Management Corp’s holdings in FTAI Aviation were worth $96,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its stake in FTAI Aviation by 96.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after buying an additional 4,106 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of FTAI Aviation during the third quarter valued at approximately $498,000. Diversified Trust Co bought a new stake in FTAI Aviation during the third quarter worth approximately $1,738,000. Price T Rowe Associates Inc. MD lifted its position in FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after purchasing an additional 813,311 shares during the period. Finally, Carnegie Investment Counsel bought a new position in FTAI Aviation during the 3rd quarter valued at $532,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Trading Up 0.1 %

Shares of FTAI stock opened at $171.21 on Thursday. The stock’s fifty day simple moving average is $142.33 and its 200-day simple moving average is $114.26. The company has a market capitalization of $17.56 billion, a price-to-earnings ratio of 70.67 and a beta of 2.04. FTAI Aviation Ltd. has a 1-year low of $40.29 and a 1-year high of $173.97.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates 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%. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis 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 presently -1,199.88%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BTIG Research assumed coverage on FTAI Aviation in a report on Monday, August 26th. They issued a “buy” rating and a $140.00 price objective for the company. Citigroup upped their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group raised their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $162.09.

FTAI Aviation Company 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.