10,000 Shares in FTAI Aviation Ltd. $FTAI Bought by ING Groep NV

ING Groep NV purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the financial services provider’s stock, valued at approximately $1,669,000.

Several other hedge funds also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of FTAI Aviation during the third quarter worth about $28,000. Global Retirement Partners LLC grew its stake in FTAI Aviation by 880.0% during the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after buying an additional 308 shares during the last quarter. Assetmark Inc. increased its position in FTAI Aviation by 15.8% during the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after buying an additional 87 shares during the period. GAMMA Investing LLC increased its position in FTAI Aviation by 22.7% during the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after buying an additional 97 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in FTAI Aviation by 3,692.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 948 shares of the financial services provider’s stock valued at $109,000 after buying an additional 923 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $279.85 on Friday. The business’s fifty day moving average price is $231.93 and its 200 day moving average price is $186.02. The firm has a market capitalization of $28.70 billion, a PE ratio of 63.89 and a beta of 1.53. FTAI Aviation Ltd. has a 1-year low of $81.45 and a 1-year high of $310.00.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FTAI shares. Citizens Jmp raised their target price on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 29th. Morgan Stanley increased their price target on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada raised their price objective on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Jefferies Financial Group restated a “buy” rating and issued a $350.00 price objective on shares of FTAI Aviation in a research note on Monday. Finally, BTIG Research increased their target price on shares of FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $274.50.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.