FTAI Aviation Ltd. (NASDAQ:FTAI) Shares Sold by King Luther Capital Management Corp

Key Points

• King Luther Capital Management Corp reduced its stake in FTAI Aviation Ltd. by 23.6%, selling 135,425 shares and now holding 438,094 shares valued at approximately $48.6 million.
• FTAI Aviation's stock has received positive ratings from analysts, with 13 analysts issuing a "buy" rating and a consensus target price of $176.42.
• The company declared a quarterly dividend of $0.30 per share, with an annualized dividend yield of 0.9%, signaling a healthy financial position and commitment to returning value to shareholders.

King Luther Capital Management Corp lessened its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 23.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 438,094 shares of the financial services provider's stock after selling 135,425 shares during the period. King Luther Capital Management Corp owned approximately 0.43% of FTAI Aviation worth $48,642,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc lifted its stake in shares of FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 181 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in FTAI Aviation during the 4th quarter worth about $26,000. Transce3nd LLC purchased a new position in FTAI Aviation during the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda acquired a new position in FTAI Aviation in the 4th quarter valued at about $30,000. Finally, Rakuten Securities Inc. purchased a new stake in FTAI Aviation during the first quarter worth about $34,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Barclays reduced their price target on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Finally, JMP Securities increased their price target on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Wednesday. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, FTAI Aviation presently has an average rating of "Buy" and a consensus target price of $176.42.

FTAI Aviation Stock Performance

FTAI opened at $136.06 on Friday. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The company has a market cap of $13.96 billion, a P/E ratio of 33.68 and a beta of 1.61. The business's 50-day simple moving average is $122.09 and its 200-day simple moving average is $113.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%. The business had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same quarter in the prior year, the business posted ($2.26) EPS. The business's revenue for the quarter was up 52.4% on a year-over-year basis. As a group, analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. FTAI Aviation's dividend payout ratio is presently 29.70%.

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.

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