Argent Trust Co Sells 1,480 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Argent Trust Co reduced its position in FTAI Aviation Ltd. (NYSE:FTAI) by 31.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,220 shares of the financial services provider’s stock after selling 1,480 shares during the period. Argent Trust Co’s holdings in FTAI Aviation were worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in FTAI. Orion Portfolio Solutions LLC raised its stake in shares of 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 worth $483,000 after buying an additional 102 shares during the period. Merit Financial Group LLC boosted its stake in FTAI Aviation by 2.5% in the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock worth $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 buying an additional 129 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of FTAI Aviation by 4.5% in the fourth 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 in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of FTAI Aviation by 7.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 161 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Up 2.6 %

Shares of NYSE FTAI opened at $98.92 on Friday. The business has a fifty day simple moving average of $112.15 and a two-hundred day simple moving average of $130.92. FTAI Aviation Ltd. has a twelve month low of $66.22 and a twelve month high of $181.64. The firm has a market cap of $10.14 billion, a PE ratio of -989.10 and a beta of 1.79.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, March 14th. FTAI Aviation’s payout ratio is -342.86%.

Analyst Upgrades and Downgrades

FTAI has been the subject of a number of research analyst reports. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Friday, January 10th. 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 issued a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Compass Point boosted their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Morgan Stanley cut their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.