Lord Abbett & CO. LLC Reduces Position in FTAI Aviation Ltd. (NYSE:FTAI)

Lord Abbett & CO. LLC trimmed its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 477,019 shares of the financial services provider’s stock after selling 14,596 shares during the quarter. Lord Abbett & CO. LLC owned about 0.47% of FTAI Aviation worth $68,709,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Sara Bay Financial purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $547,000. Ibex Wealth Advisors bought a new stake in FTAI Aviation in the 4th quarter worth approximately $3,518,000. Rhumbline Advisers raised its stake in FTAI Aviation by 2.2% during the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after buying an additional 3,121 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of FTAI Aviation by 77.1% during the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock valued at $944,000 after buying an additional 2,853 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of 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 buying an additional 208,613 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FTAI. Stifel Nicolaus reissued a “hold” rating and issued a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Morgan Stanley lowered their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. BTIG Research boosted 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 upgraded shares of FTAI Aviation to a “sell” rating in a research report on Wednesday. Finally, Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Friday, January 10th. One 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. Based on data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average price target of $172.83.

FTAI Aviation Stock Up 3.4 %

NYSE FTAI opened at $104.84 on Friday. FTAI Aviation Ltd. has a twelve month low of $69.01 and a twelve month high of $181.64. The business has a 50-day moving average price of $108.21 and a 200-day moving average price of $128.24. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of -1,048.30 and a beta of 1.79.

FTAI Aviation Announces Dividend

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. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.14%. FTAI Aviation’s payout ratio is -342.86%.

FTAI Aviation Company 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.