Wellington Management Group LLP Has $130.24 Million Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Wellington Management Group LLP grew its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 904,193 shares of the financial services provider's stock after purchasing an additional 234,874 shares during the period. Wellington Management Group LLP owned approximately 0.88% of FTAI Aviation worth $130,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 acquiring an additional 57,448 shares during the period. Verition Fund Management LLC boosted its stake in shares of FTAI Aviation by 379.1% in the 3rd quarter. Verition Fund Management LLC now owns 20,497 shares of the financial services provider's stock valued at $2,724,000 after purchasing an additional 16,219 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of FTAI Aviation in the 3rd quarter worth about $439,000. Morse Asset Management Inc bought a new stake in shares of FTAI Aviation in the 3rd quarter worth about $354,000. Finally, Stifel Financial Corp increased its position in shares of FTAI Aviation by 12.7% during the 3rd quarter. Stifel Financial Corp now owns 49,352 shares of the financial services provider's stock worth $6,559,000 after purchasing an additional 5,554 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

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FTAI Aviation Stock Performance

FTAI Aviation stock traded up $6.01 during trading hours on Tuesday, reaching $96.14. 523,479 shares of the company's stock traded hands, compared to its average volume of 3,063,211. The firm has a market capitalization of $9.86 billion, a price-to-earnings ratio of -961.83 and a beta of 1.79. FTAI Aviation Ltd. has a fifty-two week low of $66.22 and a fifty-two week high of $181.64. The firm's 50 day moving average is $112.66 and its 200-day moving average is $132.25.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors 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 annualized dividend and a yield of 1.25%. FTAI Aviation's dividend payout ratio is currently -342.86%.

Wall Street Analyst Weigh In

FTAI has been the topic of several research analyst reports. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research note on Saturday, March 15th. 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. Compass Point lifted their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Royal Bank of Canada restated an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Finally, BTIG Research lifted their price target on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $173.67.

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.