FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Whittier Trust Co.

Whittier Trust Co. reduced its position in FTAI Aviation Ltd. (NYSE:FTAI) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,914 shares of the financial services provider’s stock after selling 851 shares during the period. Whittier Trust Co.’s holdings in FTAI Aviation were worth $4,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sara Bay Financial acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $547,000. Ibex Wealth Advisors acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $3,518,000. Luxor Capital Group LP acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at $1,298,000. Rhumbline Advisers lifted its stake in shares of FTAI Aviation by 2.2% in the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after purchasing an additional 3,121 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its stake in shares of FTAI Aviation by 77.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock valued at $944,000 after purchasing an additional 2,853 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 2.1 %

FTAI Aviation stock opened at $106.70 on Friday. FTAI Aviation Ltd. has a 52-week low of $63.35 and a 52-week high of $181.64. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of -1,066.89 and a beta of 2.06. The company has a fifty day simple moving average of $114.84 and a 200-day simple moving average of $133.14.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s dividend payout ratio is currently -342.86%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FTAI shares. BTIG Research upped their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Wolfe Research upgraded shares of 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. Citigroup restated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Finally, Stifel Nicolaus restated a “hold” rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $173.67.

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.