Raymond James & Associates Sells 21,596 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Raymond James & Associates trimmed its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 20.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,737 shares of the financial services provider's stock after selling 21,596 shares during the quarter. Raymond James & Associates owned approximately 0.08% of FTAI Aviation worth $3,885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CFM Wealth Partners LLC acquired a new position in FTAI Aviation during the fourth quarter valued at $4,186,000. Axxcess Wealth Management LLC purchased a new position in FTAI Aviation during the third quarter valued at approximately $957,000. First Eagle Investment Management LLC increased its stake in FTAI Aviation by 19.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 302,635 shares of the financial services provider's stock valued at $10,759,000 after buying an additional 49,702 shares during the period. Vanguard Group Inc. increased its stake in FTAI Aviation by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,422,511 shares of the financial services provider's stock valued at $299,420,000 after buying an additional 110,367 shares during the period. Finally, Northern Trust Corp lifted its position in FTAI Aviation by 2.4% in the 3rd quarter. Northern Trust Corp now owns 965,286 shares of the financial services provider's stock worth $34,316,000 after buying an additional 22,502 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 0.9 %

NYSE:FTAI traded down $0.67 during mid-day trading on Friday, hitting $71.08. The company's stock had a trading volume of 472,678 shares, compared to its average volume of 1,002,997. The stock has a fifty day moving average of $60.51 and a 200-day moving average of $48.79. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 33.85 and a beta of 1.90. FTAI Aviation Ltd. has a fifty-two week low of $26.58 and a fifty-two week high of $73.54.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.37 by $0.72. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. The company had revenue of $312.74 million for the quarter, compared to the consensus estimate of $310.04 million. During the same quarter in the previous year, the company earned $0.20 EPS. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.43 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.69%. FTAI Aviation's dividend payout ratio (DPR) is 57.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of FTAI Aviation from a "hold" rating to a "sell" rating in a research report on Friday. Stifel Nicolaus reiterated a "hold" rating and issued a $59.00 price objective (up from $40.00) on shares of FTAI Aviation in a report on Monday, February 26th. Morgan Stanley raised their target price on FTAI Aviation from $58.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. Benchmark upped their price target on FTAI Aviation from $45.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, March 15th. Finally, Barclays raised their price objective on FTAI Aviation from $62.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.25.

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.