Intech Investment Management LLC Increases Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Intech Investment Management LLC boosted its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 77.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,660 shares of the financial services provider's stock after buying an additional 21,185 shares during the period. Intech Investment Management LLC's holdings in FTAI Aviation were worth $7,009,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FTAI. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation during the third quarter worth $26,000. Anchor Investment Management LLC acquired a new stake in shares of FTAI Aviation during the third quarter valued at about $31,000. Private Trust Co. NA increased its position in shares of FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $36,000. Finally, Blue Trust Inc. acquired a new position in shares of FTAI Aviation in the 4th quarter worth approximately $56,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FTAI has been the topic of a number of research analyst reports. Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Stifel Nicolaus reissued 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. Royal Bank of Canada restated an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Finally, Barclays boosted their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of "Moderate Buy" and an average target price of $173.67.

Remove Ads

FTAI Aviation Stock Performance

FTAI stock traded up $0.53 during midday trading on Friday, reaching $107.23. 1,451,149 shares of the company were exchanged, compared to its average volume of 1,599,058. FTAI Aviation Ltd. has a 1-year low of $65.00 and a 1-year high of $181.64. The company has a market cap of $11.00 billion, a price-to-earnings ratio of -1,072.19 and a beta of 2.06. The stock's 50-day simple moving average is $113.51 and its 200 day simple moving average is $133.11.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. FTAI Aviation's payout ratio is -342.86%.

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.