Edgestream Partners L.P. Sells 6,664 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Edgestream Partners L.P. trimmed its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,107 shares of the financial services provider’s stock after selling 6,664 shares during the quarter. Edgestream Partners L.P.’s holdings in FTAI Aviation were worth $5,777,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after purchasing an additional 61,897 shares in the last quarter. State Street Corp boosted its stake in shares of FTAI Aviation by 1.7% during the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock worth $308,999,000 after acquiring an additional 38,279 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after acquiring an additional 773,017 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of FTAI Aviation by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after acquiring an additional 182,252 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of FTAI Aviation by 10.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after acquiring an additional 95,200 shares during the period. 88.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on FTAI shares. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Barclays lifted their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. 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 note on Friday, January 10th. BTIG Research lifted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Finally, Compass Point lifted their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Stock Down 4.3 %

Shares of FTAI stock opened at $108.28 on Friday. The firm has a market capitalization of $11.10 billion, a P/E ratio of -1,082.69 and a beta of 2.05. FTAI Aviation Ltd. has a twelve month low of $54.84 and a twelve month high of $181.64. The stock’s fifty day simple moving average is $124.31 and its 200 day simple moving average is $134.47.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be given a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.11%. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

About FTAI Aviation

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.