Cruiser Capital Advisors LLC Has $30.14 Million Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Cruiser Capital Advisors LLC cut its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 40.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,596 shares of the financial services provider’s stock after selling 149,530 shares during the quarter. FTAI Aviation makes up approximately 16.7% of Cruiser Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Cruiser Capital Advisors LLC owned approximately 0.22% of FTAI Aviation worth $30,135,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in shares of FTAI Aviation in the third quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in FTAI Aviation in the 3rd quarter valued at $31,000. Private Trust Co. NA increased its position in 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 buying an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTAI Aviation in the fourth quarter valued at about $36,000. Finally, Blue Trust Inc. acquired a new position in shares of FTAI Aviation in the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Trading Up 7.2 %

Shares of FTAI Aviation stock opened at $114.91 on Tuesday. The firm has a market capitalization of $11.78 billion, a PE ratio of -1,148.99 and a beta of 2.06. The firm’s 50 day moving average is $112.51 and its 200 day moving average is $133.17. FTAI Aviation Ltd. has a 1 year low of $65.00 and a 1 year high of $181.64.

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 given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.04%. FTAI Aviation’s dividend payout ratio is currently -342.86%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FTAI. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. Stifel Nicolaus reissued 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. Finally, BTIG Research boosted their price target on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $173.67.

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.