Garnet Equity Capital Holdings Inc. Sells 35,790 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Garnet Equity Capital Holdings Inc. reduced its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 12.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 251,001 shares of the financial services provider’s stock after selling 35,790 shares during the quarter. FTAI Aviation makes up approximately 3.6% of Garnet Equity Capital Holdings Inc.’s holdings, making the stock its 4th largest holding. Garnet Equity Capital Holdings Inc.’s holdings in FTAI Aviation were worth $11,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio increased its holdings in shares of FTAI Aviation by 37.4% in the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 231 shares during the period. CWM LLC acquired a new position in shares of FTAI Aviation in the fourth quarter valued at about $43,000. Operose Advisors LLC acquired a new position in shares of FTAI Aviation in the third quarter valued at about $75,000. PNC Financial Services Group Inc. increased its holdings in shares of FTAI Aviation by 25.2% in 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 purchasing an additional 657 shares during the period. Finally, CI Investments Inc. acquired a new position in shares of FTAI Aviation in the third quarter valued at about $150,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JMP Securities upped their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Monday. Morgan Stanley upped their target price on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Barclays upped their target price on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Stifel Nicolaus upped their target price on FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday. Finally, StockNews.com downgraded FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.17.

FTAI Aviation Trading Up 3.2 %

FTAI stock traded up $2.31 during midday trading on Thursday, hitting $75.51. 1,349,194 shares of the company’s stock were exchanged, compared to its average volume of 881,513. FTAI Aviation Ltd. has a 1-year low of $26.82 and a 1-year high of $75.70. The business has a 50-day simple moving average of $65.04 and a two-hundred day simple moving average of $52.11. The stock has a market capitalization of $7.57 billion, a PE ratio of 33.96 and a beta of 1.90.

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

FTAI Aviation Announces Dividend

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