California Public Employees Retirement System trimmed its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,960 shares of the financial services provider's stock after selling 7,573 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of FTAI Aviation worth $24,769,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of FTAI Aviation by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock valued at $1,519,325,000 after purchasing an additional 184,730 shares in the last quarter. Geode Capital Management LLC increased its stake in FTAI Aviation by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider's stock worth $317,202,000 after acquiring an additional 61,897 shares during the last quarter. State Street Corp increased its stake in FTAI Aviation by 1.7% in the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider's stock worth $308,999,000 after acquiring an additional 38,279 shares during the last quarter. Norges Bank purchased a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $183,688,000. Finally, William Blair Investment Management LLC bought a new position in shares of FTAI Aviation during the 4th quarter valued at approximately $174,372,000. 88.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
FTAI has been the topic of a number of research reports. Royal Bank of Canada restated an "outperform" rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research report on Saturday, March 15th. Compass Point lifted their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Finally, Wolfe Research upgraded FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a research report on Friday, January 10th. Two equities research 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, FTAI Aviation presently has an average rating of "Moderate Buy" and a consensus target price of $173.67.
Read Our Latest Stock Report on FTAI
FTAI Aviation Stock Performance
Shares of NYSE:FTAI traded up $4.96 during trading on Tuesday, reaching $95.09. The stock had a trading volume of 433,097 shares, compared to its average volume of 1,667,517. The business has a fifty day moving average price of $112.66 and a 200-day moving average price of $132.25. FTAI Aviation Ltd. has a 1-year low of $66.22 and a 1-year high of $181.64. The stock has a market cap of $9.75 billion, a PE ratio of -939.34 and a beta of 1.79.
FTAI Aviation Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, March 14th. FTAI Aviation's payout ratio is currently -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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