Canada Pension Plan Investment Board Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Canada Pension Plan Investment Board acquired a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,660 shares of the financial services provider's stock, valued at approximately $3,408,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FTAI. Sara Bay Financial bought a new stake in FTAI Aviation in the fourth quarter valued at $547,000. Ibex Wealth Advisors purchased a new stake in shares of FTAI Aviation in the 4th quarter worth about $3,518,000. Rhumbline Advisers boosted its stake in shares of FTAI Aviation by 2.2% during the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock valued at $20,464,000 after purchasing an additional 3,121 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in shares of FTAI Aviation by 77.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider's stock valued at $944,000 after buying an additional 2,853 shares during the period. Finally, Franklin Resources Inc. raised its stake in FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock worth $54,685,000 after buying an additional 208,613 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $92.04 on Wednesday. The firm's 50 day moving average price is $109.09 and its 200-day moving average price is $129.02. FTAI Aviation Ltd. has a 52-week low of $69.01 and a 52-week high of $181.64. The company has a market cap of $9.44 billion, a PE ratio of -920.31 and a beta of 1.79.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.30%. FTAI Aviation's dividend payout ratio is -342.86%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Morgan Stanley cut their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus restated a "hold" rating and set a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. BTIG Research boosted their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. Finally, StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research note on Saturday, March 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $172.83.

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.

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