Federated Hermes Inc. Has $25.02 Million Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Federated Hermes Inc. increased its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 26.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,672 shares of the financial services provider's stock after purchasing an additional 36,370 shares during the period. Federated Hermes Inc. owned approximately 0.17% of FTAI Aviation worth $25,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Morse Asset Management Inc acquired a new stake in shares of FTAI Aviation in the 3rd quarter valued at about $354,000. Stifel Financial Corp raised its position in FTAI Aviation by 12.7% in the 3rd quarter. Stifel Financial Corp now owns 49,352 shares of the financial services provider's stock valued at $6,559,000 after buying an additional 5,554 shares during the last quarter. State Street Corp lifted 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 valued at $308,999,000 after acquiring an additional 38,279 shares in the last quarter. Zacks Investment Management acquired a new position in FTAI Aviation during the 3rd quarter worth approximately $277,000. Finally, Orion Portfolio Solutions LLC grew its stake in shares of FTAI Aviation by 2.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider's stock worth $483,000 after acquiring an additional 102 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages recently commented on FTAI. BTIG Research increased their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Royal Bank of Canada restated an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Morgan Stanley lowered their target price on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research report on Friday. 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 target (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $172.83.

FTAI Aviation Trading Up 2.7 %

Shares of NYSE:FTAI traded up $2.63 on Monday, hitting $101.55. The company had a trading volume of 215,786 shares, compared to its average volume of 3,006,951. The stock has a 50 day moving average price of $112.15 and a 200 day moving average price of $130.95. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of -1,015.40 and a beta of 1.79. FTAI Aviation Ltd. has a 1-year low of $66.22 and a 1-year high of $181.64.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.18%. FTAI Aviation's dividend 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.