Freemont Management S.A. Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Freemont Management S.A. purchased a new position in FTAI Aviation Ltd. (NYSE:FTAI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 10,000 shares of the financial services provider’s stock, valued at approximately $1,440,000.

Other large investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its stake in shares of FTAI Aviation by 2.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 102 shares in the last quarter. Merit Financial Group LLC boosted its stake in shares of FTAI Aviation by 2.5% during the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock valued at $613,000 after purchasing an additional 105 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of FTAI Aviation by 6.3% during the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 129 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of FTAI Aviation by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 147 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of FTAI Aviation by 7.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $106.98 on Tuesday. The stock has a market capitalization of $10.97 billion, a PE ratio of -1,069.69 and a beta of 2.06. FTAI Aviation Ltd. has a 52-week low of $58.41 and a 52-week high of $181.64. The company has a 50-day simple moving average of $118.43 and a two-hundred day simple moving average of $133.68.

FTAI Aviation Announces Dividend

The company also recently announced 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 of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.12%. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

Wall Street Analysts Forecast Growth

FTAI has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research note on Friday, January 10th. Barclays lifted their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Stifel Nicolaus reissued a “hold” rating and set a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Finally, BTIG Research lifted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.