Alliancebernstein L.P. Lowers Position in FTAI Aviation Ltd. (NYSE:FTAI)

Alliancebernstein L.P. trimmed its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,200 shares of the financial services provider’s stock after selling 1,800 shares during the quarter. Alliancebernstein L.P. owned approximately 0.12% of FTAI Aviation worth $17,458,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in FTAI Aviation during the third quarter valued at $31,000. Private Trust Co. NA boosted its stake 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 acquiring an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at about $36,000. Blue Trust Inc. purchased a new position in shares of FTAI Aviation in the 4th quarter valued at about $56,000. Finally, Arcadia Investment Management Corp MI acquired a new position in FTAI Aviation in the 4th quarter worth about $68,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 0.2 %

FTAI stock opened at $89.99 on Wednesday. The firm has a 50-day moving average of $112.31 and a two-hundred day moving average of $131.67. FTAI Aviation Ltd. has a 12 month low of $66.22 and a 12 month high of $181.64. The company has a market cap of $9.23 billion, a price-to-earnings ratio of -899.81 and a beta of 1.79.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.33%. FTAI Aviation’s payout ratio is -342.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup restated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. BTIG Research lifted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Finally, Compass Point boosted their target price 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. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $173.67.

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.