FTAI Aviation Ltd. $FTAI Shares Sold by Resolute Capital Asset Partners LLC

Resolute Capital Asset Partners LLC lessened its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 66.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 50,000 shares of the financial services provider’s stock after selling 100,000 shares during the period. FTAI Aviation makes up 3.1% of Resolute Capital Asset Partners LLC’s investment portfolio, making the stock its 9th largest holding. Resolute Capital Asset Partners LLC’s holdings in FTAI Aviation were worth $5,552,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of FTAI Aviation by 159.6% in the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock valued at $260,658,000 after purchasing an additional 1,443,440 shares during the period. Two Sigma Advisers LP lifted its stake in shares of FTAI Aviation by 24.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider’s stock valued at $188,030,000 after purchasing an additional 256,800 shares during the period. Northern Trust Corp lifted its stake in shares of FTAI Aviation by 7.3% in the fourth quarter. Northern Trust Corp now owns 1,035,951 shares of the financial services provider’s stock valued at $149,218,000 after purchasing an additional 70,775 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of FTAI Aviation by 30.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 964,529 shares of the financial services provider’s stock valued at $107,092,000 after purchasing an additional 225,920 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of FTAI Aviation by 16.6% in the fourth quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider’s stock valued at $121,681,000 after purchasing an additional 120,289 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on FTAI shares. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, July 10th. JMP Securities raised their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Wednesday. Royal Bank Of Canada raised their target price on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $179.50.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI opened at $147.71 on Friday. The company has a market cap of $15.15 billion, a PE ratio of 36.56 and a beta of 1.61. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $181.64. The company has a 50-day simple moving average of $126.11 and a 200-day simple moving average of $116.52.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.24. The business had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.26) earnings per share. On average, analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation’s payout ratio is 29.70%.

FTAI Aviation 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.