Peregrine Asset Advisers Inc. Acquires Shares of 7,081 FTAI Aviation Ltd. (NYSE:FTAI)

Peregrine Asset Advisers Inc. acquired a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,081 shares of the financial services provider’s stock, valued at approximately $1,020,000.

Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation during the third quarter valued at $26,000. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation during the 4th quarter valued at about $36,000. Farther Finance Advisors LLC raised its position 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 in the last quarter. Finally, Blue Trust Inc. bought a new position in shares of FTAI Aviation in the 4th quarter valued at about $56,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Trading Down 10.1 %

FTAI opened at $129.31 on Friday. The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of -1,292.97 and a beta of 2.05. FTAI Aviation Ltd. has a 12-month low of $53.77 and a 12-month high of $181.64. The business’s fifty day simple moving average is $124.91 and its 200-day simple moving average is $133.09.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FTAI shares. Benchmark boosted their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Tuesday, January 21st. Compass Point raised their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Friday, January 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $171.75.

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.