William Blair Investment Management LLC Invests $174.37 Million in FTAI Aviation Ltd. (NYSE:FTAI)

William Blair Investment Management LLC acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, Holdings Channel reports. The fund acquired 1,210,582 shares of the financial services provider’s stock, valued at approximately $174,372,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation during the third quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new position in shares of FTAI Aviation during the third quarter worth approximately $31,000. Private Trust Co. NA increased its stake in shares of FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of FTAI Aviation during the fourth quarter worth approximately $36,000. Finally, Blue Trust Inc. bought a new position in shares of FTAI Aviation during the fourth quarter worth approximately $56,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

Shares of FTAI opened at $104.31 on Monday. FTAI Aviation Ltd. has a 52-week low of $58.41 and a 52-week high of $181.64. The business’s fifty day moving average is $119.45 and its 200-day moving average is $133.80. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of -1,043.00 and a beta of 2.06.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. FTAI Aviation’s payout ratio is -342.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and set a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Barclays increased their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Finally, BTIG Research increased their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Two research 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 has an average rating of “Moderate Buy” and an average target price of $173.67.

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.