Level Four Advisory Services LLC Cuts Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Level Four Advisory Services LLC reduced its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,577 shares of the financial services provider’s stock after selling 179 shares during the quarter. Level Four Advisory Services LLC’s holdings in FTAI Aviation were worth $1,091,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in FTAI Aviation in the fourth quarter valued at $183,688,000. William Blair Investment Management LLC purchased a new position in shares of FTAI Aviation in the 4th quarter valued at about $174,372,000. Franklin Resources Inc. lifted its stake in shares of FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after purchasing an additional 208,613 shares during the period. Vanguard Group Inc. boosted its holdings in FTAI Aviation by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock worth $1,519,325,000 after buying an additional 184,730 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after buying an additional 182,252 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Friday, January 10th. Finally, Stifel Nicolaus restated a “hold” rating and set a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Stock Performance

FTAI stock opened at $112.36 on Friday. The company has a 50 day moving average price of $111.63 and a two-hundred day moving average price of $133.07. The stock has a market capitalization of $11.52 billion, a P/E ratio of -1,123.49 and a beta of 2.06. FTAI Aviation Ltd. has a one year low of $65.00 and a one year high of $181.64.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation’s dividend payout ratio is currently -342.86%.

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.