Resolute Capital Asset Partners LLC Sells 100,000 Shares of 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 lessened its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 66.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,000 shares of the financial services provider's stock after selling 100,000 shares during the quarter. FTAI Aviation comprises approximately 3.1% of Resolute Capital Asset Partners LLC's investment portfolio, making the stock its 9th largest holding. Resolute Capital Asset Partners LLC's holdings in FTAI Aviation were worth $5,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Amalgamated Bank grew its stake in shares of FTAI Aviation by 3.5% during the 1st quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock worth $391,000 after purchasing an additional 120 shares during the period. Scotia Capital Inc. grew its stake in shares of FTAI Aviation by 0.5% during the 1st quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock worth $2,823,000 after purchasing an additional 122 shares during the period. AE Wealth Management LLC grew its stake in FTAI Aviation by 6.3% in the 1st quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock valued at $270,000 after acquiring an additional 145 shares during the period. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation in the 4th quarter valued at $26,000. Finally, Versant Capital Management Inc grew its stake in 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 acquiring an additional 181 shares during the period. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Trading Up 2.4%

FTAI traded up $3.57 on Thursday, hitting $153.48. 451,237 shares of the company's stock were exchanged, compared to its average volume of 2,230,454. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The firm has a 50-day moving average price of $127.52 and a 200-day moving average price of $117.21. The stock has a market cap of $15.74 billion, a price-to-earnings ratio of 37.99 and a beta of 1.61.

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

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's payout ratio is 29.70%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a research note on Friday, May 2nd. JMP Securities lifted their price target on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Morgan Stanley lifted their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Wall Street Zen raised shares of FTAI Aviation from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Barclays dropped 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 note on Thursday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $182.83.

About FTAI Aviation

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.