Fmr LLC Sells 185,555 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

FMR LLC reduced its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,414,518 shares of the financial services provider's stock after selling 185,555 shares during the period. FMR LLC owned approximately 7.23% of FTAI Aviation worth $1,067,987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Morse Asset Management Inc purchased a new stake in FTAI Aviation during the third quarter valued at about $354,000. Stifel Financial Corp raised its holdings in shares of FTAI Aviation by 12.7% during the third quarter. Stifel Financial Corp now owns 49,352 shares of the financial services provider's stock worth $6,559,000 after acquiring an additional 5,554 shares in the last quarter. State Street Corp raised 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 purchasing an additional 38,279 shares in the last quarter. Zacks Investment Management acquired a new stake in FTAI Aviation in the third quarter valued at approximately $277,000. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of FTAI Aviation by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider's stock valued at $483,000 after purchasing an additional 102 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. BTIG Research raised their price objective on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Morgan Stanley lowered their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday. Stifel Nicolaus reissued a "hold" rating and set a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Finally, StockNews.com raised FTAI Aviation to a "sell" rating in a research report on Saturday, March 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $172.83.

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FTAI Aviation Stock Up 2.6 %

FTAI Aviation stock traded up $2.49 during trading hours on Friday, hitting $98.92. The stock had a trading volume of 1,148,192 shares, compared to its average volume of 1,697,327. FTAI Aviation Ltd. has a fifty-two week low of $66.22 and a fifty-two week high of $181.64. The company has a market cap of $10.14 billion, a PE ratio of -989.10 and a beta of 1.79. The company has a 50-day moving average of $112.15 and a two-hundred day moving average of $130.95.

FTAI Aviation Dividend Announcement

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

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.