Hills Bank & Trust Co Takes $947,000 Position in FTAI Aviation Ltd. (NYSE:FTAI)

Hills Bank & Trust Co acquired a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,577 shares of the financial services provider's stock, valued at approximately $947,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation during the 3rd quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new stake in FTAI Aviation during the 3rd quarter valued at approximately $31,000. Private Trust Co. NA lifted its stake in shares of FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $36,000. Finally, Blue Trust Inc. acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $56,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 2.1 %

Shares of FTAI stock traded down $2.31 during mid-day trading on Thursday, reaching $106.70. The stock had a trading volume of 1,333,468 shares, compared to its average volume of 1,592,497. FTAI Aviation Ltd. has a 12-month low of $59.72 and a 12-month high of $181.64. The company has a market cap of $10.94 billion, a P/E ratio of -1,066.89 and a beta of 2.06. The business has a 50-day simple moving average of $116.08 and a 200 day simple moving average of $133.33.

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FTAI Aviation Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Stifel Nicolaus reiterated a "hold" rating and issued a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Compass Point boosted their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. BTIG Research boosted their price target 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. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. Finally, Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a report on Friday, January 10th. Two equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.67.

About FTAI Aviation

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.