Geode Capital Management LLC Boosts Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Geode Capital Management LLC raised its position in FTAI Aviation Ltd. (NYSE:FTAI) by 0.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,386,999 shares of the financial services provider’s stock after purchasing an additional 674 shares during the period. Geode Capital Management LLC owned about 2.33% of FTAI Aviation worth $343,901,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. National Bank of Canada FI purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $65,000. Franklin Resources Inc. raised its holdings in FTAI Aviation by 7.2% in the 4th quarter. Franklin Resources Inc. now owns 440,909 shares of the financial services provider’s stock valued at $63,509,000 after acquiring an additional 29,433 shares during the last quarter. Cannell & Spears LLC lifted its stake in shares of FTAI Aviation by 49.2% during the 4th quarter. Cannell & Spears LLC now owns 205,272 shares of the financial services provider’s stock worth $29,567,000 after purchasing an additional 67,647 shares during the period. Wellington Management Group LLP boosted its holdings in shares of FTAI Aviation by 35.1% during the fourth quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider’s stock worth $130,240,000 after purchasing an additional 234,874 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of FTAI Aviation by 45.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,143 shares of the financial services provider’s stock worth $1,317,000 after purchasing an additional 2,862 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. BTIG Research boosted 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. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Finally, Compass Point boosted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Trading Down 15.4 %

Shares of FTAI Aviation stock opened at $88.32 on Friday. FTAI Aviation Ltd. has a twelve month low of $66.22 and a twelve month high of $181.64. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of -883.11 and a beta of 1.78. The company has a fifty day moving average price of $112.69 and a 200 day moving average price of $132.45.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.36%. FTAI Aviation’s dividend payout ratio (DPR) is currently -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.