First Eagle Investment Management LLC Has $434,000 Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

First Eagle Investment Management LLC cut its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 98.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,013 shares of the financial services provider's stock after selling 179,039 shares during the quarter. First Eagle Investment Management LLC's holdings in FTAI Aviation were worth $434,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in FTAI Aviation by 2.7% during the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider's stock worth $317,202,000 after buying an additional 61,897 shares during the last quarter. State Street Corp lifted its holdings 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 valued at $308,999,000 after purchasing an additional 38,279 shares in the last quarter. Westfield Capital Management Co. LP raised its position in FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider's stock valued at $220,618,000 after buying an additional 773,017 shares during the last quarter. JPMorgan Chase & Co. raised its position in FTAI Aviation by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider's stock valued at $153,474,000 after buying an additional 182,252 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in FTAI Aviation by 10.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider's stock valued at $139,359,000 after buying an additional 95,200 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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FTAI Aviation Trading Down 2.1 %

FTAI traded down $2.31 on Thursday, reaching $106.70. The stock had a trading volume of 1,333,465 shares, compared to its average volume of 1,592,497. FTAI Aviation Ltd. has a fifty-two week low of $59.72 and a fifty-two week high of $181.64. The firm has a 50-day moving average of $116.08 and a 200-day moving average of $133.33. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of -1,066.89 and a beta of 2.06.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.12%. FTAI Aviation's payout ratio is presently -342.86%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FTAI shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. BTIG Research boosted their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Compass Point boosted their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Barclays boosted their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Finally, Stifel Nicolaus restated a "hold" rating and issued a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $173.67.

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.