Natixis Advisors LLC Trims Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Natixis Advisors LLC cut its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,851 shares of the financial services provider’s stock after selling 1,381 shares during the period. Natixis Advisors LLC’s holdings in FTAI Aviation were worth $1,851,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Sara Bay Financial bought a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $547,000. Ibex Wealth Advisors bought a new position in FTAI Aviation in the 4th quarter valued at $3,518,000. Luxor Capital Group LP purchased a new stake in FTAI Aviation in the third quarter worth $1,298,000. Rhumbline Advisers lifted its position in shares of FTAI Aviation by 2.2% during the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock worth $20,464,000 after purchasing an additional 3,121 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its stake in shares of FTAI Aviation by 77.1% during the fourth 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.

Analysts Set New Price Targets

Several research firms recently commented on FTAI. BTIG Research raised their price target 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Friday, January 10th. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. Finally, Barclays lifted their target price on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $114.91 on Tuesday. The company has a market capitalization of $11.78 billion, a PE ratio of -1,148.99 and a beta of 2.06. The company has a 50-day simple moving average of $112.51 and a two-hundred day simple moving average of $133.17. FTAI Aviation Ltd. has a one year low of $65.00 and a one year high of $181.64.

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 paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.04%. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

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.