FTAI Aviation Ltd. (NYSE:FTAI) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 77.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,660 shares of the financial services provider’s stock after buying an additional 21,185 shares during the period. Intech Investment Management LLC’s holdings in FTAI Aviation were worth $7,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of FTAI. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation in the 3rd quarter valued at about $26,000. Anchor Investment Management LLC purchased a new stake in shares of FTAI Aviation in the third quarter valued at approximately $31,000. Private Trust Co. NA increased its holdings in shares of FTAI Aviation by 221.1% in the fourth 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 position in FTAI Aviation during the fourth quarter worth 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 institutional investors and hedge funds.

FTAI Aviation Trading Down 4.3 %

FTAI opened at $102.39 on Wednesday. The stock’s 50-day moving average price is $117.28 and its 200 day moving average price is $133.50. FTAI Aviation Ltd. has a 12-month low of $58.41 and a 12-month high of $181.64. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of -1,023.80 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be given 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 1.17%. FTAI Aviation’s dividend payout ratio is presently -342.86%.

Analysts Set New Price Targets

Several research analysts have recently commented on FTAI shares. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. BTIG Research raised their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Friday, January 10th. Finally, Barclays increased their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

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.