FTAI Aviation Ltd. $FTAI Shares Newly Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, HoldingsChannel.com reports. The firm purchased 357,315 shares of the financial services provider’s stock, valued at approximately $59,682,000.

Several other large investors have also recently bought and sold shares of FTAI. State Street Corp lifted its position in FTAI Aviation by 2.5% during the second quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock worth $834,203,000 after acquiring an additional 75,452 shares during the last quarter. Bank of America Corp DE grew its position in shares of FTAI Aviation by 8.2% in the first quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock valued at $216,908,000 after purchasing an additional 67,097 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of FTAI Aviation by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 631,212 shares of the financial services provider’s stock valued at $154,515,000 after purchasing an additional 15,291 shares during the last quarter. First Trust Advisors LP increased its stake in shares of FTAI Aviation by 5.0% during the first quarter. First Trust Advisors LP now owns 383,773 shares of the financial services provider’s stock worth $94,024,000 after purchasing an additional 18,399 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of FTAI Aviation by 27.6% during the first quarter. Bank of New York Mellon Corp now owns 361,230 shares of the financial services provider’s stock worth $88,501,000 after purchasing an additional 78,152 shares during the period. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Trading Up 1.6%

Shares of FTAI stock opened at $191.08 on Thursday. FTAI Aviation Ltd. has a fifty-two week low of $146.48 and a fifty-two week high of $323.51. The stock’s fifty day moving average price is $177.28 and its two-hundred day moving average price is $228.56. The company has a debt-to-equity ratio of 7.97, a quick ratio of 1.31 and a current ratio of 3.82. The company has a market cap of $19.54 billion, a PE ratio of 38.76, a P/E/G ratio of 0.95 and a beta of 1.55.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Thursday, October 29th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.31 by $0.12. FTAI Aviation had a return on equity of 132.04% and a net margin of 15.46%. The firm had revenue of $977.66 million during the quarter. During the same period in the previous year, the firm posted $1.10 EPS. The firm’s revenue was up 46.6% compared to the same quarter last year. Equities analysts predict that FTAI Aviation Ltd. will post 5.37 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Tuesday, November 10th will be given a $0.50 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $2.00 annualized dividend and a yield of 1.0%. FTAI Aviation’s dividend payout ratio (DPR) is currently 40.57%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FTAI shares. BTIG Research dropped their price target on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Barclays decreased their price objective on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a report on Tuesday, September 15th. Royal Bank Of Canada decreased their price objective on FTAI Aviation from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Wednesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a research report on Friday, October 30th. Finally, Citizens Jmp began coverage on shares of FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average price target of $304.38.

About FTAI Aviation

FTAI Aviation owns and manages a portfolio of commercial jet engines and aircraft, which it leases to airlines and other aviation customers around the world. Its business focuses on mid-life equipment, providing customers with access to engines and aircraft without requiring them to own those assets outright. The company also supports its leasing operations with maintenance, repair and overhaul services, as well as the sale and exchange of engine modules and parts. Its work is particularly focused on the CFM56 and V2500 engine families, which are widely used on commercial aircraft.