357,315 Shares in FTAI Aviation Ltd. $FTAI Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp acquired a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 357,315 shares of the financial services provider’s stock, valued at approximately $59,682,000. King Luther Capital Management Corp owned approximately 0.35% of FTAI Aviation as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Maryland State Retirement & Pension System boosted its holdings in shares of FTAI Aviation by 14.0% in the 3rd quarter. Maryland State Retirement & Pension System now owns 6,166 shares of the financial services provider’s stock valued at $1,030,000 after buying an additional 759 shares during the last quarter. Advisor Resource Council increased its holdings in FTAI Aviation by 5.6% during the third quarter. Advisor Resource Council now owns 2,213 shares of the financial services provider’s stock worth $364,000 after buying an additional 117 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in FTAI Aviation during the third quarter worth $534,000. Illinois Municipal Retirement Fund acquired a new position in FTAI Aviation during the third quarter worth $1,377,000. Finally, AMG National Trust Bank bought a new stake in FTAI Aviation during the third quarter worth $251,000. Institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

FTAI has been the subject of a number of recent analyst reports. Citizens Jmp initiated 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 for the company. Barclays decreased their price objective on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a research report on Tuesday, September 15th. BTIG Research lowered their price objective on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Morgan Stanley dropped their target price on shares of FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Finally, Deutsche Bank set a $290.00 target price on shares of FTAI Aviation in a research note on Friday, July 31st. Eight 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.38.

FTAI Aviation Stock Performance

Shares of NASDAQ FTAI opened at $191.08 on Thursday. The company has a current ratio of 3.82, a quick ratio of 1.31 and a debt-to-equity ratio of 7.97. FTAI Aviation Ltd. has a 12 month low of $146.48 and a 12 month high of $323.51. The stock has a 50 day moving average of $177.28 and a 200-day moving average of $228.56. The company has a market capitalization of $19.54 billion, a P/E ratio of 38.76, a P/E/G ratio of 0.95 and a beta of 1.55.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.12. FTAI Aviation had a return on equity of 132.04% and a net margin of 15.46%. The business had revenue of $977.66 million for the quarter. During the same quarter last year, the company posted $1.10 EPS. The firm’s revenue was up 46.6% on a year-over-year basis. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 5.37 EPS for the current year.

FTAI Aviation Announces Dividend

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

FTAI Aviation Profile

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.