American Century Companies Inc. lowered its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 335,271 shares of the financial services provider's stock after selling 95,097 shares during the period. American Century Companies Inc. owned approximately 0.33% of FTAI Aviation worth $48,293,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of FTAI Aviation during the fourth quarter worth approximately $428,000. Quantbot Technologies LP raised its holdings in FTAI Aviation by 92.8% during the fourth quarter. Quantbot Technologies LP now owns 87,017 shares of the financial services provider's stock worth $12,534,000 after buying an additional 41,891 shares during the last quarter. Xponance Inc. lifted its stake in shares of FTAI Aviation by 10.4% in the fourth quarter. Xponance Inc. now owns 7,327 shares of the financial services provider's stock valued at $1,055,000 after buying an additional 688 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of FTAI Aviation by 77.1% during the fourth quarter. Intech Investment Management LLC now owns 48,660 shares of the financial services provider's stock valued at $7,009,000 after buying an additional 21,185 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of FTAI Aviation by 38.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 45,128 shares of the financial services provider's stock worth $6,500,000 after acquiring an additional 12,535 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on FTAI shares. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a research report on Friday, January 10th. Barclays raised their target price on FTAI Aviation from $135.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. BTIG Research upped their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. StockNews.com raised FTAI Aviation to a "sell" rating in a research report on Saturday, March 15th. Finally, 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. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.67.
Get Our Latest Report on FTAI
FTAI Aviation Price Performance
Shares of FTAI Aviation stock traded down $2.16 on Friday, reaching $112.36. 1,543,590 shares of the company traded hands, compared to its average volume of 1,645,892. The company has a 50 day moving average of $111.63 and a 200 day moving average of $133.19. FTAI Aviation Ltd. has a 52 week low of $65.00 and a 52 week high of $181.64. The firm has a market capitalization of $11.52 billion, a PE ratio of -1,123.49 and a beta of 2.06.
FTAI Aviation Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders 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 dividend yield of 1.07%. FTAI Aviation's dividend payout ratio is presently -342.86%.
About FTAI Aviation
(
Free Report)
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.
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