KLP Kapitalforvaltning AS Acquires New Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

KLP Kapitalforvaltning AS acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,700 shares of the financial services provider's stock, valued at approximately $2,982,000.

A number of other institutional investors have also recently bought and sold shares of the stock. William Blair Investment Management LLC acquired a new position in FTAI Aviation in the 4th quarter worth approximately $174,372,000. Franklin Resources Inc. grew its holdings in shares of FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock valued at $54,685,000 after buying an additional 208,613 shares in the last quarter. JPMorgan Chase & Co. raised its position in FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider's stock valued at $153,474,000 after buying an additional 182,252 shares during the period. Citigroup Inc. lifted its stake in FTAI Aviation by 4,184.5% in the 3rd quarter. Citigroup Inc. now owns 118,778 shares of the financial services provider's stock worth $15,786,000 after acquiring an additional 121,686 shares in the last quarter. Finally, Polar Asset Management Partners Inc. boosted its position in FTAI Aviation by 1,086.3% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 100,600 shares of the financial services provider's stock worth $13,370,000 after acquiring an additional 110,800 shares during the period. Hedge funds and other institutional investors own 88.96% of the company's stock.

Wall Street Analyst Weigh In

FTAI has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. BTIG Research upped their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Compass Point increased their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Finally, Stifel Nicolaus restated a "hold" rating and issued a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Two 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. According to data from MarketBeat, FTAI Aviation has an average rating of "Moderate Buy" and an average target price of $173.67.

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FTAI Aviation Trading Down 1.9 %

Shares of FTAI Aviation stock traded down $2.16 on Friday, reaching $112.36. 1,543,590 shares of the company were exchanged, compared to its average volume of 1,645,892. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of -1,123.49 and a beta of 2.06. The company has a 50-day moving average of $111.63 and a 200 day moving average of $133.19. FTAI Aviation Ltd. has a one year low of $65.00 and a one year high of $181.64.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were paid a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.07%. FTAI Aviation's dividend payout ratio (DPR) is presently -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.