1,275,255 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Bought by Norges Bank

Norges Bank purchased a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,275,255 shares of the financial services provider’s stock, valued at approximately $183,688,000.

A number of other large investors have also added to or reduced their stakes in FTAI. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of FTAI Aviation by 2.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,805 shares of the financial services provider’s stock valued at $2,366,000 after acquiring an additional 397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in FTAI Aviation by 56.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,843 shares of the financial services provider’s stock valued at $21,243,000 after purchasing an additional 57,448 shares during the last quarter. Verition Fund Management LLC lifted its holdings in FTAI Aviation by 379.1% in the 3rd quarter. Verition Fund Management LLC now owns 20,497 shares of the financial services provider’s stock worth $2,724,000 after buying an additional 16,219 shares during the period. PDT Partners LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter worth approximately $279,000. Finally, Paloma Partners Management Co purchased a new position in shares of FTAI Aviation during the third quarter valued at approximately $439,000. Institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Compass Point increased their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Finally, Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Stock Down 1.9 %

FTAI stock opened at $112.36 on Monday. The business has a 50 day moving average of $111.63 and a 200 day moving average of $133.19. The firm has a market cap of $11.52 billion, a PE ratio of -1,123.49 and a beta of 2.06. FTAI Aviation Ltd. has a twelve month low of $65.00 and a twelve month high of $181.64.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.07%. FTAI Aviation’s payout ratio is presently -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.