Loomis Sayles & Co. L P Invests $18.15 Million in FTAI Aviation Ltd. (NYSE:FTAI)

Loomis Sayles & Co. L P bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 126,006 shares of the financial services provider's stock, valued at approximately $18,150,000. Loomis Sayles & Co. L P owned 0.12% of FTAI Aviation at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Morey & Quinn Wealth Partners LLC acquired a new position in FTAI Aviation in the 4th quarter worth about $3,640,000. EFG Asset Management North America Corp. raised its position in FTAI Aviation by 7.4% during the fourth quarter. EFG Asset Management North America Corp. now owns 28,741 shares of the financial services provider's stock worth $4,139,000 after acquiring an additional 1,988 shares during the period. Congress Wealth Management LLC DE purchased a new position in FTAI Aviation during the fourth quarter valued at $288,000. Advantage Alpha Capital Partners LP purchased a new stake in shares of FTAI Aviation during the fourth quarter worth about $6,899,000. Finally, Vanguard Group Inc. lifted its stake in FTAI Aviation by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock valued at $1,519,325,000 after buying an additional 184,730 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

NYSE FTAI traded up $3.20 on Wednesday, reaching $116.79. The stock had a trading volume of 325,909 shares, compared to its average volume of 1,641,701. The business's 50-day moving average price is $112.20 and its 200 day moving average price is $133.04. The stock has a market cap of $11.98 billion, a P/E ratio of -1,169.23 and a beta of 1.78. FTAI Aviation Ltd. has a 12-month low of $65.00 and a 12-month high of $181.64.

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FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were paid a $0.30 dividend. 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 1.03%. FTAI Aviation's dividend payout ratio is presently -342.86%.

Analyst Ratings Changes

Several brokerages recently issued reports on FTAI. Compass Point boosted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. BTIG Research increased their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Royal Bank of Canada restated an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Stifel Nicolaus reaffirmed a "hold" rating and issued a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Finally, Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $173.67.

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.