Lord Abbett & CO. LLC Decreases Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Lord Abbett & CO. LLC decreased its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 477,019 shares of the financial services provider's stock after selling 14,596 shares during the period. Lord Abbett & CO. LLC owned about 0.47% of FTAI Aviation worth $68,709,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FTAI. Transce3nd LLC bought a new stake in FTAI Aviation in the 4th quarter worth $29,000. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation in the third quarter worth about $31,000. Private Trust Co. NA increased its holdings in 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 purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in FTAI Aviation during the 4th quarter valued at approximately $36,000. Finally, Blue Trust Inc. bought a new position in FTAI Aviation during the 4th quarter valued at approximately $56,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 0.9 %

Shares of NYSE FTAI traded up $0.93 during trading on Tuesday, reaching $109.15. The company had a trading volume of 1,043,314 shares, compared to its average volume of 1,705,857. The business's 50-day moving average is $107.86 and its 200 day moving average is $127.75. The stock has a market cap of $11.19 billion, a PE ratio of -1,091.39 and a beta of 1.79. FTAI Aviation Ltd. has a 12-month low of $70.08 and a 12-month high of $181.64.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued 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 1.10%. FTAI Aviation's dividend payout ratio (DPR) is presently -342.86%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FTAI. Royal Bank of Canada reissued an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. BTIG Research boosted their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Morgan Stanley dropped their target price 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, April 11th. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Finally, StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $172.83.

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.