King Luther Capital Management Corp Sells 152,680 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

King Luther Capital Management Corp lowered its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 573,519 shares of the financial services provider’s stock after selling 152,680 shares during the quarter. King Luther Capital Management Corp owned approximately 0.56% of FTAI Aviation worth $82,610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. increased its position in FTAI Aviation by 96.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after purchasing an additional 4,106 shares during the period. Sara Bay Financial bought a new position in shares of FTAI Aviation in the 4th quarter worth $547,000. Ibex Wealth Advisors bought a new position in shares of FTAI Aviation in the 4th quarter worth $3,518,000. Luxor Capital Group LP bought a new position in FTAI Aviation during the 3rd quarter valued at $1,298,000. Finally, Rhumbline Advisers increased its position in shares of FTAI Aviation by 2.2% during the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after purchasing an additional 3,121 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FTAI shares. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. BTIG Research boosted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Friday, January 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Finally, StockNews.com raised FTAI Aviation to a “sell” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Price Performance

Shares of NYSE FTAI opened at $97.69 on Tuesday. The business has a 50-day moving average of $122.84 and a two-hundred day moving average of $134.31. FTAI Aviation Ltd. has a 1 year low of $54.84 and a 1 year high of $181.64. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of -976.80 and a beta of 2.06.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is -342.86%.

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.