Canada Pension Plan Investment Board Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Canada Pension Plan Investment Board acquired a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 23,660 shares of the financial services provider's stock, valued at approximately $3,408,000.

Other institutional investors have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in FTAI Aviation in the 3rd quarter valued at about $31,000. Private Trust Co. NA lifted its holdings in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after acquiring an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $36,000. Blue Trust Inc. bought a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $56,000. Finally, National Bank of Canada FI bought a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $65,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI traded up $3.38 during midday trading on Monday, reaching $108.22. The company's stock had a trading volume of 1,161,894 shares, compared to its average volume of 1,705,892. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of -1,082.09 and a beta of 1.79. The firm has a 50 day moving average price of $107.86 and a two-hundred day moving average price of $127.75. FTAI Aviation Ltd. has a fifty-two week low of $69.93 and a fifty-two week high of $181.64.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation's dividend payout ratio (DPR) is currently -342.86%.

Analyst Ratings Changes

A number of analysts have recently weighed in on FTAI shares. BTIG Research upped 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Morgan Stanley cut their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $172.83.

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.