FIL Ltd Cuts Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

FIL Ltd lowered its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new stake in shares of FTAI Aviation during the 3rd quarter worth approximately $31,000. Private Trust Co. NA raised its holdings in FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after purchasing an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTAI Aviation during the fourth quarter worth $36,000. Blue Trust Inc. acquired a new stake in FTAI Aviation in the fourth quarter valued at $56,000. Finally, National Bank of Canada FI purchased a new position in shares of FTAI Aviation in the fourth quarter valued at $65,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

NYSE FTAI traded down $1.41 during trading hours on Friday, hitting $93.00. 1,879,228 shares of the company's stock were exchanged, compared to its average volume of 1,702,031. The firm has a market capitalization of $9.54 billion, a P/E ratio of -929.91 and a beta of 1.79. The business's 50 day moving average is $110.49 and its 200-day moving average is $129.97. FTAI Aviation Ltd. has a 12-month low of $66.22 and a 12-month high of $181.64.

FTAI Aviation Dividend Announcement

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 $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.29%. FTAI Aviation's dividend payout ratio is presently -342.86%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FTAI. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research report on Saturday, March 15th. Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a research report on Friday, January 10th. BTIG Research lifted their price objective on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. 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. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $172.83.

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.