Diamond Hill Capital Management Inc. Trims Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Diamond Hill Capital Management Inc. decreased its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 35.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,887 shares of the financial services provider's stock after selling 19,758 shares during the quarter. Diamond Hill Capital Management Inc.'s holdings in FTAI Aviation were worth $5,169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FTAI. Brown Brothers Harriman & Co. acquired a new position in shares of FTAI Aviation during the 3rd quarter valued at about $26,000. Anchor Investment Management LLC acquired a new position in shares of FTAI Aviation during the 3rd quarter valued at about $31,000. Private Trust Co. NA increased its stake in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FTAI Aviation during the 4th quarter valued at about $36,000. Finally, Farther Finance Advisors LLC increased its stake in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

Analyst Upgrades and Downgrades

FTAI has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. 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 report on Friday, January 10th. StockNews.com upgraded FTAI Aviation to a "sell" rating in a report on Saturday. Finally, BTIG Research boosted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $173.67.

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FTAI Aviation Price Performance

NYSE FTAI traded up $6.62 on Wednesday, reaching $109.01. The company had a trading volume of 1,274,606 shares, compared to its average volume of 1,590,153. The firm has a market capitalization of $11.18 billion, a PE ratio of -1,089.99 and a beta of 2.06. FTAI Aviation Ltd. has a 1 year low of $58.41 and a 1 year high of $181.64. The firm has a 50-day moving average of $117.28 and a 200-day moving average of $133.50.

FTAI Aviation Announces Dividend

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 issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation's dividend payout ratio is presently -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.