EAM Global Investors LLC Sells 35,220 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

EAM Global Investors LLC decreased its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 43.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 45,480 shares of the financial services provider’s stock after selling 35,220 shares during the period. FTAI Aviation makes up about 1.2% of EAM Global Investors LLC’s portfolio, making the stock its 14th biggest position. EAM Global Investors LLC’s holdings in FTAI Aviation were worth $6,551,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FTAI. Anchor Investment Management LLC acquired a new position in FTAI Aviation during the third quarter worth about $31,000. Private Trust Co. NA grew its holdings 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 valued at $35,000 after purchasing an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in FTAI Aviation during the 4th quarter worth approximately $36,000. Blue Trust Inc. bought a new position in FTAI Aviation in the 4th quarter valued at approximately $56,000. Finally, National Bank of Canada FI acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $65,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FTAI shares. Compass Point increased their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Stifel Nicolaus reissued 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 raised 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. Wolfe Research raised 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 research note on Friday, January 10th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.83.

FTAI Aviation Price Performance

Shares of NYSE:FTAI opened at $95.83 on Wednesday. FTAI Aviation Ltd. has a 1 year low of $66.22 and a 1 year high of $181.64. The business’s 50-day moving average is $111.33 and its 200-day moving average is $130.50. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of -958.20 and a beta of 1.79.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -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.