FTAI Aviation Ltd. (NYSE:FTAI) Stock Position Decreased by FIL Ltd

FIL Ltd cut its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 32.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,000 shares of the financial services provider’s stock after selling 14,400 shares during the period. FIL Ltd’s holdings in FTAI Aviation were worth $4,321,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FTAI. Sara Bay Financial acquired a new stake in FTAI Aviation during the 4th quarter worth about $547,000. Ibex Wealth Advisors acquired a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $3,518,000. Rhumbline Advisers lifted its position in shares of FTAI Aviation by 2.2% in the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after acquiring an additional 3,121 shares in the last quarter. SeaCrest Wealth Management LLC boosted its stake in FTAI Aviation by 77.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock worth $944,000 after purchasing an additional 2,853 shares during the period. Finally, Franklin Resources Inc. grew its position in FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after purchasing an additional 208,613 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 2.6 %

Shares of NYSE:FTAI opened at $98.92 on Friday. The company has a market cap of $10.14 billion, a price-to-earnings ratio of -989.10 and a beta of 1.79. The business has a 50 day moving average price of $112.15 and a 200 day moving average price of $130.92. FTAI Aviation Ltd. has a twelve month low of $66.22 and a twelve month high of $181.64.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is currently -342.86%.

Analyst Ratings Changes

FTAI has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Morgan Stanley reduced their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Compass Point boosted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $172.83.

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.