Royce & Associates LP decreased its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 41.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,801 shares of the financial services provider's stock after selling 144,826 shares during the quarter. Royce & Associates LP owned about 0.20% of FTAI Aviation worth $29,932,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its position in FTAI Aviation by 2.9% in the third 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 period. Merit Financial Group LLC boosted its stake in shares of FTAI Aviation by 2.5% in the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider's stock valued at $613,000 after purchasing an additional 105 shares during the period. MML Investors Services LLC grew its holdings in FTAI Aviation by 6.3% during the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 129 shares in the last quarter. CIBC Asset Management Inc increased its stake in FTAI Aviation by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider's stock worth $488,000 after buying an additional 147 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in FTAI Aviation by 7.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider's stock worth $346,000 after buying an additional 161 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.
FTAI Aviation Trading Down 2.1 %
FTAI traded down $2.31 on Thursday, hitting $106.70. 1,333,497 shares of the company's stock were exchanged, compared to its average volume of 1,592,497. The stock has a fifty day moving average of $116.08 and a two-hundred day moving average of $133.33. FTAI Aviation Ltd. has a twelve month low of $59.72 and a twelve month high of $181.64. The firm has a market cap of $10.94 billion, a PE ratio of -1,066.89 and a beta of 2.06.
FTAI Aviation Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. 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 dividend payout ratio is currently -342.86%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. Barclays lifted their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. BTIG Research upped their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $173.67.
View Our Latest Stock Report on FTAI
FTAI Aviation Profile
(
Free Report)
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.
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