Emerald Advisers LLC Cuts Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Emerald Advisers LLC trimmed its position in FTAI Aviation Ltd. (NYSE:FTAI) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 622,273 shares of the financial services provider’s stock after selling 6,659 shares during the period. FTAI Aviation makes up approximately 3.5% of Emerald Advisers LLC’s investment portfolio, making the stock its 2nd largest holding. Emerald Advisers LLC owned 0.61% of FTAI Aviation worth $89,632,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FTAI. William Blair Investment Management LLC bought a new stake in shares of FTAI Aviation in the fourth quarter valued at about $174,372,000. Westfield Capital Management Co. LP raised its holdings in FTAI Aviation by 87.1% during the third 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 in the last quarter. Franklin Resources Inc. raised its holdings in FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after acquiring an additional 208,613 shares in the last quarter. Vanguard Group Inc. raised its holdings in FTAI Aviation by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock worth $1,519,325,000 after acquiring an additional 184,730 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in FTAI Aviation by 18.7% during the third 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 in the last quarter. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FTAI shares. Stifel Nicolaus reiterated a “hold” rating and set a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a report on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Citigroup restated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Finally, StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Trading Up 0.5 %

FTAI Aviation stock opened at $107.23 on Friday. FTAI Aviation Ltd. has a 12 month low of $65.00 and a 12 month high of $181.64. The stock’s 50 day moving average is $113.51 and its 200-day moving average is $133.11. The company has a market capitalization of $11.00 billion, a price-to-earnings ratio of -1,072.19 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, March 14th. FTAI Aviation’s payout ratio 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.