Connor Clark & Lunn Investment Management Ltd. Buys New Shares in FTAI Aviation Ltd. (NYSE:FTAI)

Connor Clark & Lunn Investment Management Ltd. bought a new position in FTAI Aviation Ltd. (NYSE:FTAI) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,746 shares of the financial services provider’s stock, valued at approximately $251,000.

Other hedge funds have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation in the third quarter worth about $26,000. Anchor Investment Management LLC purchased a new position in FTAI Aviation in the 3rd quarter worth approximately $31,000. Private Trust Co. NA lifted its position in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $36,000. Finally, Blue Trust Inc. bought a new position in shares of FTAI Aviation in the fourth quarter worth approximately $56,000. 88.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barclays increased their price target 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. Compass Point increased their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Stifel Nicolaus restated a “hold” rating and set a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Finally, Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Trading Up 0.5 %

Shares of FTAI Aviation stock opened at $107.23 on Monday. The firm has a market capitalization of $11.00 billion, a P/E ratio of -1,072.19 and a beta of 2.06. The business has a fifty day simple moving average of $113.51 and a two-hundred day simple moving average of $133.20. FTAI Aviation Ltd. has a 12 month low of $65.00 and a 12 month high of $181.64.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be given 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 yield of 1.12%. FTAI Aviation’s dividend payout ratio (DPR) is currently -342.86%.

FTAI Aviation Company 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.