FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,483 shares of the financial services provider’s stock after selling 1,341 shares during the quarter. HighTower Advisors LLC’s holdings in FTAI Aviation were worth $5,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation during the third quarter worth about $26,000. Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter worth approximately $31,000. Private Trust Co. NA raised its position in shares of FTAI Aviation by 221.1% during the 4th 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 in the 4th quarter valued at approximately $36,000. Finally, Blue Trust Inc. acquired a new stake in FTAI Aviation during the 4th quarter valued at $56,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FTAI shares. StockNews.com raised FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Barclays lifted their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, 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 note on Friday, January 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Price Performance

Shares of NYSE:FTAI opened at $109.01 on Thursday. The business has a 50-day moving average of $116.08 and a two-hundred day moving average of $133.33. The firm has a market capitalization of $11.18 billion, a PE ratio of -1,089.99 and a beta of 2.06. FTAI Aviation Ltd. has a 12 month low of $59.72 and a 12 month high of $181.64.

FTAI Aviation Announces Dividend

The firm also recently announced 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. This represents a $1.20 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -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.