FTAI Aviation Ltd. (NYSE:FTAI) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 38.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,128 shares of the financial services provider's stock after purchasing an additional 12,535 shares during the period. Thrivent Financial for Lutherans' holdings in FTAI Aviation were worth $6,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new position in FTAI Aviation during the third quarter worth about $26,000. Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter worth approximately $31,000. Private Trust Co. NA increased its holdings in 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 last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTAI Aviation in the fourth quarter valued at approximately $36,000. Finally, Blue Trust Inc. acquired a new position in FTAI Aviation during the fourth quarter worth $56,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus reissued a "hold" rating and set a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Compass Point lifted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a report on Friday, January 10th. Finally, 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 research note on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $173.67.

Remove Ads

FTAI Aviation Stock Up 0.5 %

FTAI Aviation stock traded up $0.52 during midday trading on Thursday, reaching $114.52. The company's stock had a trading volume of 1,071,799 shares, compared to its average volume of 1,600,066. The business has a 50-day simple moving average of $111.74 and a 200-day simple moving average of $133.07. The company has a market cap of $11.74 billion, a P/E ratio of -1,145.09 and a beta of 2.06. FTAI Aviation Ltd. has a fifty-two week low of $65.00 and a fifty-two week high of $181.64.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, March 14th. FTAI Aviation's dividend payout ratio (DPR) 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.