FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. cut its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 35.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,887 shares of the financial services provider’s stock after selling 19,758 shares during the period. Diamond Hill Capital Management Inc.’s holdings in FTAI Aviation were worth $5,169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC lifted its position in FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after purchasing an additional 61,897 shares during the period. State Street Corp lifted its position in FTAI Aviation by 1.7% in the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock worth $308,999,000 after purchasing an additional 38,279 shares during the period. Westfield Capital Management Co. LP lifted its position in FTAI Aviation by 87.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after purchasing an additional 773,017 shares during the period. JPMorgan Chase & Co. lifted its position in FTAI Aviation by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after purchasing an additional 182,252 shares during the period. Finally, Two Sigma Advisers LP lifted its position in FTAI Aviation by 10.0% in the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after purchasing an additional 95,200 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

NYSE:FTAI opened at $104.31 on Friday. FTAI Aviation Ltd. has a fifty-two week low of $57.73 and a fifty-two week high of $181.64. The stock’s 50-day moving average is $119.45 and its two-hundred day moving average is $133.63. The stock has a market cap of $10.70 billion, a PE ratio of -1,043.00 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.15%. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

Analysts Set New Price Targets

A number of research firms have weighed in on FTAI. Stifel Nicolaus restated a “hold” rating and issued a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Barclays lifted their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, BTIG Research lifted their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given 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 price target 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.