Freemont Management S.A. Purchases Shares of 10,000 FTAI Aviation Ltd. (NYSE:FTAI)

Freemont Management S.A. bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,000 shares of the financial services provider's stock, valued at approximately $1,440,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Atria Investments Inc lifted its holdings in shares of FTAI Aviation by 3.9% in the 3rd quarter. Atria Investments Inc now owns 6,630 shares of the financial services provider's stock valued at $881,000 after buying an additional 251 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of FTAI Aviation in the 3rd quarter valued at approximately $260,000. Oppenheimer & Co. Inc. lifted its holdings in shares of FTAI Aviation by 96.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider's stock valued at $1,110,000 after buying an additional 4,106 shares during the period. KBC Group NV lifted its holdings in shares of FTAI Aviation by 8.2% in the 3rd quarter. KBC Group NV now owns 2,705 shares of the financial services provider's stock valued at $359,000 after buying an additional 206 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in shares of FTAI Aviation in the 3rd quarter valued at approximately $431,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FTAI. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Stifel Nicolaus reaffirmed a "hold" rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. Barclays lifted their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Finally, BTIG Research lifted their price objective on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $173.67.

Remove Ads

FTAI Aviation Stock Up 0.5 %

Shares of NYSE:FTAI traded up $0.53 during midday trading on Friday, reaching $107.23. The company's stock had a trading volume of 1,451,149 shares, compared to its average volume of 1,596,869. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of -1,072.19 and a beta of 2.06. FTAI Aviation Ltd. has a 1 year low of $64.04 and a 1 year high of $181.64. The business has a 50 day moving average price of $113.51 and a 200 day moving average price of $133.00.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is 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.