William Blair Investment Management LLC Purchases New Position in FTAI Aviation Ltd. (NYSE:FTAI)

William Blair Investment Management LLC acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,210,582 shares of the financial services provider's stock, valued at approximately $174,372,000. William Blair Investment Management LLC owned approximately 1.18% of FTAI Aviation as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation in the third quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new position in FTAI Aviation in the 3rd quarter valued at $31,000. Private Trust Co. NA raised its holdings in FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after purchasing an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $36,000. Finally, Blue Trust Inc. purchased a new stake in shares of FTAI Aviation during the 4th quarter worth $56,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Up 0.5 %

Shares of NYSE:FTAI traded up $0.53 during mid-day trading on Friday, reaching $107.23. 1,451,149 shares of the stock were exchanged, compared to its average volume of 1,594,801. FTAI Aviation Ltd. has a one year low of $63.35 and a one year high of $181.64. The company has a market cap of $11.00 billion, a P/E ratio of -1,072.19 and a beta of 2.06. The stock's 50 day simple moving average is $114.84 and its 200-day simple moving average is $133.14.

Remove Ads

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 paid a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. FTAI Aviation's dividend payout ratio is currently -342.86%.

Analyst Upgrades and Downgrades

FTAI has been the subject of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Stifel Nicolaus reaffirmed 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. Barclays upped their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Compass Point upped their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Finally, Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of "Moderate Buy" and an average 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.