Scotia Capital Inc. Has $3.65 Million Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Scotia Capital Inc. trimmed its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 3.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,306 shares of the financial services provider’s stock after selling 971 shares during the period. Scotia Capital Inc.’s holdings in FTAI Aviation were worth $3,645,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of FTAI Aviation in the fourth quarter worth $183,688,000. William Blair Investment Management LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth approximately $174,372,000. Clearbridge Investments LLC boosted its stake in FTAI Aviation by 104.3% in the fourth quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider’s stock worth $66,750,000 after purchasing an additional 236,556 shares in the last quarter. Wellington Management Group LLP lifted its position in FTAI Aviation by 35.1% during the 4th quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider’s stock worth $130,240,000 after buying an additional 234,874 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in FTAI Aviation by 102.8% in the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after purchasing an additional 208,613 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FTAI. BTIG Research upped their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Compass Point increased their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Wolfe Research upgraded 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. Finally, Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average price target of $172.83.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $98.92 on Friday. FTAI Aviation Ltd. has a one year low of $66.22 and a one year high of $181.64. The stock’s 50 day moving average is $112.15 and its 200 day moving average is $130.92. The firm has a market cap of $10.14 billion, a P/E ratio of -989.10 and a beta of 1.79.

FTAI Aviation Announces Dividend

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