Harbour Investments Inc. Purchases 2,875 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Harbour Investments Inc. boosted its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 168.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,583 shares of the financial services provider’s stock after purchasing an additional 2,875 shares during the quarter. Harbour Investments Inc.’s holdings in FTAI Aviation were worth $660,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after buying an additional 61,897 shares in the last quarter. State Street Corp boosted its holdings in shares of FTAI Aviation by 1.7% during the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after purchasing an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of FTAI Aviation by 87.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of FTAI Aviation by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after purchasing an additional 182,252 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of FTAI Aviation by 10.0% in the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after buying an additional 95,200 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on FTAI shares. Compass Point raised their target price 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. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Barclays boosted their price objective 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. Finally, Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $173.67.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $109.01 on Thursday. FTAI Aviation Ltd. has a fifty-two week low of $59.72 and a fifty-two week high of $181.64. The company has a market capitalization of $11.18 billion, a PE ratio of -1,089.99 and a beta of 2.06. The company has a 50 day moving average price of $116.08 and a 200-day moving average price of $133.33.

FTAI Aviation Dividend Announcement

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. This represents a $1.20 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s dividend 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.