Royce & Associates LP Sells 144,826 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Royce & Associates LP reduced its position in FTAI Aviation Ltd. (NYSE:FTAI) by 41.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 207,801 shares of the financial services provider’s stock after selling 144,826 shares during the quarter. Royce & Associates LP’s holdings in FTAI Aviation were worth $29,932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation in the 3rd quarter worth about $26,000. Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation in the 3rd quarter worth about $31,000. Private Trust Co. NA boosted its holdings in shares of FTAI Aviation by 221.1% in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of FTAI Aviation in the 4th quarter worth about $36,000. Finally, Blue Trust Inc. purchased a new position in shares of FTAI Aviation in the 4th quarter worth about $56,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FTAI shares. Compass Point upped their price objective on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Stifel Nicolaus restated a “hold” rating and set a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. BTIG Research increased their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Price Performance

FTAI opened at $104.31 on Friday. FTAI Aviation Ltd. has a one year low of $58.41 and a one year high of $181.64. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of -1,043.00 and a beta of 2.06. The business has a 50 day simple moving average of $119.45 and a two-hundred day simple moving average of $133.71.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is 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.