Cannell & Spears LLC Has $29.57 Million Position in FTAI Aviation Ltd. (NYSE:FTAI)

Cannell & Spears LLC boosted its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 49.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,272 shares of the financial services provider’s stock after buying an additional 67,647 shares during the quarter. Cannell & Spears LLC owned approximately 0.20% of FTAI Aviation worth $29,567,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new position in FTAI Aviation in the third quarter worth approximately $31,000. Private Trust Co. NA boosted its stake in shares of FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after buying an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation during the 4th quarter valued at $36,000. Blue Trust Inc. purchased a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $56,000. Finally, Arcadia Investment Management Corp MI bought a new position in FTAI Aviation during the fourth quarter valued at $68,000. 88.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on FTAI shares. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. StockNews.com raised FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Stifel Nicolaus reissued a “hold” rating and issued a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Barclays raised their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Compass Point raised their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $173.67.

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $112.36 on Monday. The company has a market cap of $11.52 billion, a PE ratio of -1,123.49 and a beta of 2.06. The firm’s 50 day moving average price is $111.63 and its 200-day moving average price is $133.19. FTAI Aviation Ltd. has a 52-week low of $65.00 and a 52-week high of $181.64.

FTAI Aviation Dividend Announcement

The company also recently declared 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 1.07%. FTAI Aviation’s dividend payout ratio (DPR) is currently -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.