William Blair Investment Management LLC Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

William Blair Investment Management LLC acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,210,582 shares of the financial services provider’s stock, valued at approximately $174,372,000. William Blair Investment Management LLC owned approximately 1.18% of FTAI Aviation as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its stake in FTAI Aviation by 96.8% in the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock worth $1,110,000 after purchasing an additional 4,106 shares in the last quarter. Sara Bay Financial acquired a new position in FTAI Aviation in the fourth quarter worth $547,000. Ibex Wealth Advisors acquired a new position in FTAI Aviation in the fourth quarter worth $3,518,000. Luxor Capital Group LP acquired a new position in shares of FTAI Aviation during the third quarter valued at $1,298,000. Finally, Rhumbline Advisers lifted its stake in shares of FTAI Aviation by 2.2% during the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after acquiring an additional 3,121 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FTAI. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Compass Point upped their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Barclays upped their price target on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Finally, BTIG Research upped their price target on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $104.31 on Monday. FTAI Aviation Ltd. has a 1 year low of $58.41 and a 1 year high of $181.64. The business has a 50-day moving average of $119.45 and a two-hundred day moving average of $133.80. The company has a market capitalization of $10.70 billion, a P/E ratio of -1,043.00 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. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. 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.