Cruiser Capital Advisors LLC Sells 149,530 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Cruiser Capital Advisors LLC lessened its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 40.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 221,596 shares of the financial services provider’s stock after selling 149,530 shares during the quarter. FTAI Aviation makes up approximately 16.7% of Cruiser Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Cruiser Capital Advisors LLC’s holdings in FTAI Aviation were worth $30,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTAI. EFG Asset Management North America Corp. grew its stake in FTAI Aviation by 7.4% during the fourth quarter. EFG Asset Management North America Corp. now owns 28,741 shares of the financial services provider’s stock worth $4,139,000 after purchasing an additional 1,988 shares during the period. Congress Wealth Management LLC DE acquired a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $288,000. Advantage Alpha Capital Partners LP bought a new stake in shares of FTAI Aviation in the 4th quarter valued at $6,899,000. Vanguard Group Inc. lifted its position in shares of FTAI Aviation by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock valued at $1,519,325,000 after acquiring an additional 184,730 shares during the period. Finally, LPL Financial LLC grew its holdings in FTAI Aviation by 3.6% in the fourth quarter. LPL Financial LLC now owns 24,588 shares of the financial services provider’s stock worth $3,542,000 after purchasing an additional 853 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Ratings Changes

FTAI has been the topic of several research reports. Wolfe Research upgraded 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 report on Friday, January 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Finally, Compass Point upped their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI opened at $114.91 on Tuesday. The company’s 50-day moving average is $112.51 and its 200 day moving average is $133.17. FTAI Aviation Ltd. has a fifty-two week low of $65.00 and a fifty-two week high of $181.64. The company has a market capitalization of $11.78 billion, a P/E ratio of -1,148.99 and a beta of 2.06.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Friday, March 14th. FTAI Aviation’s dividend payout ratio is currently -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.