Victory Capital Management Inc. Cuts Stock Position in FTAI Aviation Ltd. $FTAI

Victory Capital Management Inc. lessened its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 49.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,226 shares of the financial services provider’s stock after selling 106,682 shares during the quarter. Victory Capital Management Inc.’s holdings in FTAI Aviation were worth $18,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new position in FTAI Aviation in the first quarter worth $242,000. Envestnet Asset Management Inc. boosted its position in shares of FTAI Aviation by 44.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 39,302 shares of the financial services provider’s stock worth $4,521,000 after purchasing an additional 12,017 shares in the last quarter. Assetmark Inc. boosted its position in shares of FTAI Aviation by 15.8% in the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 87 shares in the last quarter. Savant Capital LLC purchased a new position in FTAI Aviation during the 2nd quarter worth $772,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in FTAI Aviation during the 2nd quarter valued at about $543,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

NASDAQ FTAI opened at $271.44 on Wednesday. The firm has a market capitalization of $27.84 billion, a P/E ratio of 58.75, a PEG ratio of 1.12 and a beta of 1.50. The stock has a 50-day simple moving average of $270.20 and a two-hundred day simple moving average of $204.29. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28. FTAI Aviation Ltd. has a fifty-two week low of $81.45 and a fifty-two week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $662.03 million during the quarter, compared to analysts’ expectations of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. On average, equities analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 13th will be given a $0.40 dividend. The ex-dividend date is Friday, March 13th. FTAI Aviation’s dividend payout ratio is currently 30.30%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Morgan Stanley boosted their price target on FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Jefferies Financial Group restated a “buy” rating and set a $350.00 price objective on shares of FTAI Aviation in a report on Monday, February 9th. Barclays increased their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada lifted their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.22.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.