FTAI Aviation Ltd. (NYSE:FTAI) Shares Acquired by Channing Capital Management LLC

Channing Capital Management LLC increased its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,531 shares of the financial services provider’s stock after purchasing an additional 8,023 shares during the period. Channing Capital Management LLC owned 0.06% of FTAI Aviation worth $8,863,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Daiwa Securities Group Inc. acquired a new position in FTAI Aviation in the 4th quarter valued at about $243,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of FTAI Aviation by 6.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,935 shares of the financial services provider’s stock valued at $2,727,000 after buying an additional 1,130 shares during the last quarter. SLT Holdings LLC purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $349,000. Amundi purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $238,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in FTAI Aviation during the fourth quarter worth approximately $210,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on FTAI. Compass Point increased their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Friday, January 10th. Barclays increased their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Stifel Nicolaus reissued 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. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Stock Performance

FTAI stock opened at $97.69 on Tuesday. The firm has a market cap of $10.02 billion, a P/E ratio of -976.80 and a beta of 2.06. FTAI Aviation Ltd. has a 1 year low of $54.84 and a 1 year high of $181.64. The stock has a 50-day simple moving average of $122.84 and a 200-day simple moving average of $134.31.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.23%. FTAI Aviation’s dividend payout ratio is currently -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.