KLP Kapitalforvaltning AS Acquires New Shares in FTAI Aviation Ltd. (NYSE:FTAI)

KLP Kapitalforvaltning AS bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,700 shares of the financial services provider’s stock, valued at approximately $2,982,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. William Blair Investment Management LLC bought a new stake in shares of FTAI Aviation during the 4th quarter valued at approximately $174,372,000. Franklin Resources Inc. grew its stake in shares of FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after buying an additional 208,613 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after buying an additional 182,252 shares in the last quarter. Citigroup Inc. lifted its stake in shares of FTAI Aviation by 4,184.5% in the 3rd quarter. Citigroup Inc. now owns 118,778 shares of the financial services provider’s stock valued at $15,786,000 after acquiring an additional 121,686 shares during the last quarter. Finally, Polar Asset Management Partners Inc. grew its position in FTAI Aviation by 1,086.3% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 100,600 shares of the financial services provider’s stock worth $13,370,000 after acquiring an additional 110,800 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented 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 report on Monday, March 3rd. Compass Point raised their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. BTIG Research lifted their price target 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. Finally, StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Two investment 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’s stock. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Price Performance

Shares of NYSE:FTAI opened at $114.00 on Thursday. FTAI Aviation Ltd. has a 1 year low of $65.00 and a 1 year high of $181.64. The business’s 50-day moving average is $111.74 and its 200-day moving average is $133.07. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of -1,139.89 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Friday, March 14th. FTAI Aviation’s payout ratio is -342.86%.

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.