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

EAM Global Investors LLC lessened its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 43.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,480 shares of the financial services provider’s stock after selling 35,220 shares during the period. FTAI Aviation comprises approximately 1.2% of EAM Global Investors LLC’s investment portfolio, making the stock its 14th largest holding. EAM Global Investors LLC’s holdings in FTAI Aviation were worth $6,551,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of FTAI Aviation by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock worth $1,519,325,000 after purchasing an additional 184,730 shares during the last quarter. Norges Bank bought a new position in FTAI Aviation during the fourth quarter worth about $183,688,000. William Blair Investment Management LLC acquired a new position in FTAI Aviation during the fourth quarter worth approximately $174,372,000. JPMorgan Chase & Co. increased its position in FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after buying an additional 182,252 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in FTAI Aviation by 35.1% in the fourth quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider’s stock valued at $130,240,000 after buying an additional 234,874 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

NYSE:FTAI opened at $95.83 on Wednesday. The company has a market cap of $9.83 billion, a price-to-earnings ratio of -958.20 and a beta of 1.79. FTAI Aviation Ltd. has a fifty-two week low of $66.22 and a fifty-two week high of $181.64. The stock has a fifty day moving average price of $111.33 and a 200-day moving average price of $130.50.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were given a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.25%. FTAI Aviation’s dividend payout ratio is -342.86%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. BTIG Research raised their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Finally, 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $172.83.

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.