Cannell & Spears LLC Grows Position in FTAI Aviation Ltd. (NYSE:FTAI)

Cannell & Spears LLC grew its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 49.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,272 shares of the financial services provider’s stock after buying an additional 67,647 shares during the quarter. Cannell & Spears LLC’s holdings in FTAI Aviation were worth $29,567,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FTAI. Norges Bank bought a new position in shares of FTAI Aviation in the fourth quarter worth approximately $183,688,000. William Blair Investment Management LLC purchased a new position in FTAI Aviation during the 4th quarter valued at approximately $174,372,000. Clearbridge Investments LLC raised its holdings in shares of FTAI Aviation by 104.3% during the 4th quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider’s stock worth $66,750,000 after acquiring an additional 236,556 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of FTAI Aviation by 35.1% during the 4th quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider’s stock valued at $130,240,000 after acquiring an additional 234,874 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after purchasing an additional 208,613 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Down 1.9 %

FTAI opened at $112.36 on Monday. FTAI Aviation Ltd. has a 52 week low of $65.00 and a 52 week high of $181.64. The company has a market capitalization of $11.52 billion, a P/E ratio of -1,123.49 and a beta of 2.06. The stock’s fifty day moving average is $111.63 and its two-hundred day moving average is $133.19.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is -342.86%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BTIG Research upped their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Citigroup restated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Finally, Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.67.

About FTAI Aviation

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.