FTAI Aviation Ltd. (NYSE:FTAI) Shares Bought by Capital International Investors

Capital International Investors lifted its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 39.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,677,171 shares of the financial services provider's stock after acquiring an additional 3,034,838 shares during the period. Capital International Investors owned 10.41% of FTAI Aviation worth $1,537,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Sara Bay Financial acquired a new stake in FTAI Aviation during the 4th quarter worth $547,000. Ibex Wealth Advisors purchased a new position in shares of FTAI Aviation in the fourth quarter worth about $3,518,000. Rhumbline Advisers boosted its position in FTAI Aviation by 2.2% during the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock worth $20,464,000 after acquiring an additional 3,121 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in FTAI Aviation by 77.1% during the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider's stock valued at $944,000 after acquiring an additional 2,853 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in FTAI Aviation by 102.8% in the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock valued at $54,685,000 after acquiring an additional 208,613 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FTAI. StockNews.com upgraded FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. Stifel Nicolaus restated a "hold" rating and issued a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Morgan Stanley lowered their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research report on Friday, January 10th. Finally, BTIG Research boosted their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $172.83.

FTAI Aviation Price Performance

Shares of FTAI stock traded up $4.33 on Wednesday, hitting $96.37. The stock had a trading volume of 663,015 shares, compared to its average volume of 1,703,132. The company's 50 day moving average price is $109.09 and its 200-day moving average price is $129.02. FTAI Aviation Ltd. has a 1 year low of $69.01 and a 1 year high of $181.64. The firm has a market capitalization of $9.88 billion, a P/E ratio of -963.60 and a beta of 1.79.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.25%. 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.