FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 99.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,553 shares of the financial services provider’s stock after selling 561,475 shares during the period. International Assets Investment Management LLC’s holdings in FTAI Aviation were worth $369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FTAI. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation during the 3rd quarter worth approximately $26,000. Anchor Investment Management LLC bought a new position in FTAI Aviation during the 3rd quarter worth $31,000. Farther Finance Advisors LLC increased its position in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after buying an additional 189 shares during the period. Everence Capital Management Inc. acquired a new stake in FTAI Aviation in the fourth quarter worth $203,000. Finally, Raymond James Trust N.A. acquired a new position in shares of FTAI Aviation during the third quarter valued at $200,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Trading Up 3.1 %

Shares of NYSE FTAI opened at $174.02 on Friday. The firm’s 50-day moving average is $151.83 and its 200-day moving average is $131.42. FTAI Aviation Ltd. has a 1 year low of $46.88 and a 1 year high of $181.64. The firm has a market capitalization of $17.85 billion, a PE ratio of -1,740.03 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The business’s revenue was up 60.0% on a year-over-year basis. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,200.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on FTAI shares. Benchmark increased their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Compass Point raised their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Friday. Finally, BTIG Research boosted their price target on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.33.

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.