Resolute Capital Asset Partners LLC Has $5.55 Million Position in FTAI Aviation Ltd. $FTAI

Key Points

• Resolute Capital Asset Partners LLC decreased its holding in FTAI Aviation Ltd. by 66.7%, selling 100,000 shares and leaving it with 50,000 shares, which now constitute 3.1% of its investment portfolio.
• Barclays and Morgan Stanley have adjusted their target prices for FTAI shares, with Barclays lowering it from $180.00 to $150.00, while Morgan Stanley increased their target from $138.00 to $175.00.
• FTAI Aviation recently reported earnings per share (EPS) of $1.57, exceeding consensus estimates, and announced a quarterly dividend of $0.30, yielding approximately 0.8% annually.

Resolute Capital Asset Partners LLC reduced its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 66.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the financial services provider's stock after selling 100,000 shares during the quarter. FTAI Aviation accounts for 3.1% of Resolute Capital Asset Partners LLC's portfolio, making the stock its 9th biggest holding. Resolute Capital Asset Partners LLC's holdings in FTAI Aviation were worth $5,552,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTAI. Wellington Management Group LLP lifted its holdings in shares of FTAI Aviation by 159.6% during the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock valued at $260,658,000 after purchasing an additional 1,443,440 shares in the last quarter. Shellback Capital LP bought a new position in shares of FTAI Aviation during the fourth quarter valued at $76,510,000. Nuveen LLC bought a new position in shares of FTAI Aviation during the first quarter valued at $41,789,000. GW&K Investment Management LLC bought a new position in shares of FTAI Aviation during the first quarter valued at $30,963,000. Finally, Two Sigma Advisers LP lifted its holdings in shares of FTAI Aviation by 24.5% during the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after purchasing an additional 256,800 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Up 0.7%

FTAI traded up $1.10 during midday trading on Monday, reaching $148.81. The company had a trading volume of 1,129,589 shares, compared to its average volume of 1,517,694. The business has a 50-day moving average of $126.61 and a two-hundred day moving average of $116.75. The company has a market cap of $15.26 billion, a P/E ratio of 36.83 and a beta of 1.61. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64.

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

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. FTAI Aviation's dividend payout ratio is presently 29.70%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FTAI. Wall Street Zen raised FTAI Aviation from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a report on Friday, May 2nd. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. BTIG Research upped their price objective on FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research report on Monday. Finally, Morgan Stanley upped their price objective on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of "Buy" and a consensus price target of $182.83.

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.