King Luther Capital Management Corp Has $102.98 Million Position in FTAI Aviation Ltd. $FTAI

King Luther Capital Management Corp raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 5.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 523,148 shares of the financial services provider’s stock after acquiring an additional 26,959 shares during the quarter. King Luther Capital Management Corp’s holdings in FTAI Aviation were worth $102,982,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rossby Financial LCC boosted its holdings in FTAI Aviation by 13.6% in the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares during the period. Assetmark Inc. boosted its holdings in FTAI Aviation by 11.0% in the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 70 shares during the period. Foundations Investment Advisors LLC boosted its holdings in FTAI Aviation by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 76 shares during the period. Diversify Advisory Services LLC boosted its holdings in FTAI Aviation by 0.8% in the 4th quarter. Diversify Advisory Services LLC now owns 10,051 shares of the financial services provider’s stock valued at $1,979,000 after purchasing an additional 80 shares during the period. Finally, Allworth Financial LP boosted its holdings in FTAI Aviation by 7.6% in the 3rd quarter. Allworth Financial LP now owns 1,504 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 106 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FTAI has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. BTIG Research upped their price target on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Barclays upped their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $326.88.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $253.39 on Wednesday. The company has a 50 day moving average of $247.12 and a 200-day moving average of $233.49. FTAI Aviation Ltd. has a 1-year low of $108.47 and a 1-year high of $323.51. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The company has a market cap of $25.99 billion, a PE ratio of 50.28, a price-to-earnings-growth ratio of 1.02 and a beta of 1.49.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm had revenue of $830.70 million for the quarter. During the same period in the previous year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 65.4% compared to the same quarter last year. As a group, equities research analysts forecast that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 annualized dividend and a yield of 0.7%. FTAI Aviation’s dividend payout ratio is presently 31.75%.

Insider Buying and Selling

In related news, Director Martin Tuchman sold 143,584 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $242.44, for a total value of $34,810,504.96. Following the completion of the transaction, the director owned 236,302 shares of the company’s stock, valued at $57,289,056.88. This represents a 37.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 254,260 shares of company stock valued at $61,534,703. 1.35% of the stock is owned by corporate insiders.

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.