Pictet Asset Management Holding SA Has $2.01 Million Position in FTAI Aviation Ltd. (NYSE:FTAI)

Pictet Asset Management Holding SA raised its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,928 shares of the financial services provider’s stock after buying an additional 1,266 shares during the quarter. Pictet Asset Management Holding SA’s holdings in FTAI Aviation were worth $2,006,000 at the end of the most recent reporting period.

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

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $88.32 on Friday. The company has a market cap of $9.06 billion, a PE ratio of -883.11 and a beta of 1.78. The firm has a fifty day moving average price of $112.69 and a two-hundred day moving average price of $132.45. FTAI Aviation Ltd. has a fifty-two week low of $66.22 and a fifty-two week high of $181.64.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation’s payout ratio is presently -342.86%.

Analysts Set New Price Targets

A number of research firms have issued reports on FTAI. Stifel Nicolaus reiterated a “hold” rating and issued a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. BTIG Research upped their price objective 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. Compass Point raised their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Finally, Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target 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.