FTAI Aviation Ltd. (NYSE:FTAI) Holdings Trimmed by Garnet Equity Capital Holdings Inc.

Garnet Equity Capital Holdings Inc. decreased its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,001 shares of the financial services provider’s stock after selling 35,790 shares during the period. FTAI Aviation comprises approximately 3.6% of Garnet Equity Capital Holdings Inc.’s holdings, making the stock its 4th largest holding. Garnet Equity Capital Holdings Inc. owned approximately 0.25% of FTAI Aviation worth $11,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio grew its position in shares of FTAI Aviation by 37.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after buying an additional 231 shares in the last quarter. CWM LLC purchased a new position in shares of FTAI Aviation during the fourth quarter valued at $43,000. Operose Advisors LLC purchased a new position in shares of FTAI Aviation during the third quarter valued at $75,000. PNC Financial Services Group Inc. increased its stake in shares of FTAI Aviation by 25.2% during the third quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider’s stock valued at $116,000 after buying an additional 657 shares during the period. Finally, CI Investments Inc. purchased a new position in shares of FTAI Aviation during the third quarter valued at $150,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FTAI. Compass Point raised their price target on FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Morgan Stanley lifted their target price on FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. JMP Securities lifted their target price on FTAI Aviation from $66.00 to $85.00 and gave the company a “market outperform” rating in a research note on Monday. Stifel Nicolaus lifted their target price on FTAI Aviation from $59.00 to $66.00 and gave the company a “hold” rating in a research note on Monday. Finally, Barclays lifted their target price on FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.17.

FTAI Aviation Trading Up 3.2 %

NYSE:FTAI traded up $2.31 during trading hours on Thursday, hitting $75.51. The company had a trading volume of 1,349,194 shares, compared to its average volume of 881,513. The company has a 50-day moving average of $65.04 and a 200 day moving average of $52.11. The company has a market cap of $7.57 billion, a P/E ratio of 33.96 and a beta of 1.90. FTAI Aviation Ltd. has a 1 year low of $26.82 and a 1 year high of $75.70.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). The company had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. On average, analysts forecast that FTAI Aviation Ltd. will post 2.51 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, May 9th. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

FTAI Aviation Company Profile

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.