Ashton Thomas Private Wealth LLC Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Ashton Thomas Private Wealth LLC bought a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,460 shares of the financial services provider’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of FTAI Aviation during the 3rd quarter valued at $26,000. Anchor Investment Management LLC purchased a new stake in shares of FTAI Aviation during the 3rd quarter valued at $31,000. Private Trust Co. NA grew its stake in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after buying an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation during the 4th quarter valued at $36,000. Finally, Farther Finance Advisors LLC grew its stake in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after buying an additional 189 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

NYSE:FTAI opened at $105.58 on Wednesday. The firm has a 50-day moving average of $122.07 and a two-hundred day moving average of $134.19. The stock has a market cap of $10.83 billion, a P/E ratio of -1,055.69 and a beta of 2.06. FTAI Aviation Ltd. has a 1-year low of $56.19 and a 1-year high of $181.64.

FTAI Aviation Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.14%. FTAI Aviation’s payout ratio is currently -342.86%.

Analysts Set New Price Targets

Several analysts have recently issued reports on FTAI shares. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Stifel Nicolaus restated a “hold” rating and set a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. 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. 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 lifted their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report 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 company. According to data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average 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.