FTAI Aviation Ltd. (NYSE:FTAI) Shares Bought by Arizona State Retirement System

Arizona State Retirement System raised its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,656 shares of the financial services provider’s stock after acquiring an additional 791 shares during the quarter. Arizona State Retirement System’s holdings in FTAI Aviation were worth $4,272,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FTAI. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation in the third quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in FTAI Aviation in the third quarter valued at approximately $31,000. Private Trust Co. NA lifted its holdings in 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 acquiring an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in FTAI Aviation in the fourth quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC lifted its holdings in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FTAI. Barclays upped 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. Compass Point upped their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. StockNews.com raised FTAI Aviation to a “sell” rating in a research note on Friday, February 28th. BTIG Research upped their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Finally, Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Friday, January 10th. Two research 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Stock Performance

NYSE FTAI opened at $104.22 on Friday. The business has a fifty day moving average price of $123.42 and a 200 day moving average price of $134.35. FTAI Aviation Ltd. has a one year low of $54.84 and a one year high of $181.64. The company has a market cap of $10.69 billion, a P/E ratio of -1,042.10 and a beta of 2.06.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s dividend payout ratio 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.