Clearbridge Investments LLC Acquires 236,556 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Clearbridge Investments LLC lifted its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 104.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 463,411 shares of the financial services provider's stock after buying an additional 236,556 shares during the period. Clearbridge Investments LLC owned about 0.45% of FTAI Aviation worth $66,750,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in FTAI Aviation by 2.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,805 shares of the financial services provider's stock worth $2,366,000 after purchasing an additional 397 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of FTAI Aviation by 56.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,843 shares of the financial services provider's stock valued at $21,243,000 after buying an additional 57,448 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of FTAI Aviation by 379.1% in the third quarter. Verition Fund Management LLC now owns 20,497 shares of the financial services provider's stock worth $2,724,000 after acquiring an additional 16,219 shares during the last quarter. PDT Partners LLC acquired a new position in FTAI Aviation during the 3rd quarter worth $279,000. Finally, Paloma Partners Management Co acquired a new position in shares of FTAI Aviation during the third quarter valued at $439,000. Institutional investors own 88.96% of the company's stock.

Remove Ads

FTAI Aviation Stock Performance

FTAI stock traded down $16.02 during mid-day trading on Friday, hitting $88.32. 4,020,444 shares of the company were exchanged, compared to its average volume of 1,667,951. FTAI Aviation Ltd. has a 1-year low of $66.22 and a 1-year high of $181.64. The firm's 50 day simple moving average is $112.69 and its 200 day simple moving average is $132.49. The firm has a market cap of $9.06 billion, a P/E ratio of -883.11 and a beta of 1.78.

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 issued 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 dividend yield of 1.36%. FTAI Aviation's dividend payout ratio (DPR) is -342.86%.

Analyst Upgrades and Downgrades

FTAI has been the subject of several analyst reports. BTIG Research lifted their price target 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. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Royal Bank of Canada restated an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. StockNews.com upgraded FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. Finally, Compass Point raised 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. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.