Emerald Advisers LLC Sells 6,659 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Emerald Advisers LLC lowered its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622,273 shares of the financial services provider’s stock after selling 6,659 shares during the quarter. FTAI Aviation comprises approximately 3.5% of Emerald Advisers LLC’s investment portfolio, making the stock its 2nd biggest position. Emerald Advisers LLC’s holdings in FTAI Aviation were worth $89,632,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FTAI. Orion Portfolio Solutions LLC boosted its holdings in shares of FTAI Aviation by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 102 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of FTAI Aviation by 2.5% in the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock valued at $613,000 after purchasing an additional 105 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of FTAI Aviation by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 129 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of FTAI Aviation by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 147 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of FTAI Aviation by 7.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Trading Up 0.5 %

FTAI stock opened at $107.23 on Friday. The stock has a 50-day moving average price of $113.51 and a 200-day moving average price of $133.11. FTAI Aviation Ltd. has a 1-year low of $65.00 and a 1-year high of $181.64. The firm has a market cap of $11.00 billion, a PE ratio of -1,072.19 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

Analysts Set New Price Targets

A number of research analysts have recently commented on FTAI shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Barclays increased their price target on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. BTIG Research increased their price target on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.67.

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.