Lord Abbett & CO. LLC Sells 14,596 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Lord Abbett & CO. LLC decreased its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 477,019 shares of the financial services provider's stock after selling 14,596 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.47% of FTAI Aviation worth $68,709,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Merit Financial Group LLC grew 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 acquiring an additional 105 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of FTAI Aviation by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider's stock worth $488,000 after purchasing an additional 147 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of FTAI Aviation by 7.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider's stock worth $346,000 after buying an additional 161 shares in the last quarter. Private Trust Co. NA grew its position 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 worth $35,000 after purchasing an additional 168 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in FTAI Aviation by 8.5% during the fourth quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider's stock worth $315,000 after buying an additional 172 shares in the last quarter. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Down 12.9 %

NYSE FTAI traded down $13.85 during trading hours on Thursday, reaching $93.26. 2,768,092 shares of the company were exchanged, compared to its average volume of 1,713,044. The stock has a market capitalization of $9.56 billion, a P/E ratio of -934.76 and a beta of 1.79. FTAI Aviation Ltd. has a 1 year low of $70.08 and a 1 year high of $181.64. The business's 50 day simple moving average is $106.72 and its 200-day simple moving average is $127.48.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm's quarterly revenue was up 53.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. As a group, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation's dividend payout ratio is currently -342.86%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FTAI shares. Morgan Stanley decreased their price target on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a research note on Friday, January 10th. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Barclays decreased their price target on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $170.33.

FTAI Aviation 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.