Blair William & Co. IL Purchases 49,159 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Blair William & Co. IL increased its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 285.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,391 shares of the financial services provider's stock after acquiring an additional 49,159 shares during the quarter. Blair William & Co. IL owned about 0.06% of FTAI Aviation worth $9,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William Blair Investment Management LLC bought a new position in shares of FTAI Aviation in the fourth quarter worth about $174,372,000. Franklin Resources Inc. boosted its stake in FTAI Aviation by 102.8% in the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock worth $54,685,000 after purchasing an additional 208,613 shares during the period. Vanguard Group Inc. grew its holdings in FTAI Aviation by 1.8% during 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. JPMorgan Chase & Co. raised its position in shares of 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 valued at $153,474,000 after buying an additional 182,252 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in shares of FTAI Aviation during the fourth quarter worth $18,150,000. Institutional investors own 88.96% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have commented on FTAI. Wolfe Research upgraded 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 note on Friday, January 10th. BTIG Research boosted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Citigroup restated 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. Finally, Compass Point raised their target price 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. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, FTAI Aviation has a consensus rating of "Moderate Buy" and a consensus target price of $173.67.

FTAI Aviation Stock Down 9.6 %

FTAI traded down $11.15 during trading on Thursday, reaching $104.79. The company had a trading volume of 993,079 shares, compared to its average volume of 1,645,690. FTAI Aviation Ltd. has a 52 week low of $66.22 and a 52 week high of $181.64. The stock has a market cap of $10.75 billion, a P/E ratio of -1,047.80 and a beta of 1.78. The business has a 50 day simple moving average of $112.68 and a 200-day simple moving average of $132.92.

FTAI Aviation Dividend Announcement

The company 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. This represents a $1.20 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, March 14th. FTAI Aviation's payout ratio is currently -342.86%.

FTAI Aviation Company 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.