Capital International Inc. CA Sells 70,756 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Capital International Inc. CA lowered its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 29.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,653 shares of the financial services provider's stock after selling 70,756 shares during the period. Capital International Inc. CA owned about 0.16% of FTAI Aviation worth $24,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FTAI. Anchor Investment Management LLC purchased a new stake in shares of FTAI Aviation in the third quarter valued at $31,000. Private Trust Co. NA boosted its stake in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after buying an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of FTAI Aviation during the 4th quarter valued at $36,000. Blue Trust Inc. acquired a new position in shares of FTAI Aviation in the fourth quarter worth $56,000. Finally, National Bank of Canada FI purchased a new stake in shares of FTAI Aviation during the fourth quarter worth $65,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Performance

Shares of NYSE FTAI traded up $5.46 during trading on Thursday, reaching $101.29. The company had a trading volume of 684,496 shares, compared to its average volume of 1,704,842. FTAI Aviation Ltd. has a 52 week low of $69.01 and a 52 week high of $181.64. The business's 50 day moving average price is $108.74 and its 200-day moving average price is $128.79. The stock has a market cap of $10.39 billion, a PE ratio of -1,012.05 and a beta of 1.79.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, March 14th. FTAI Aviation's dividend payout ratio is -342.86%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stifel Nicolaus restated a "hold" rating and issued a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. BTIG Research upped 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. Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective on the stock in a research note on Friday, January 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.