Envestnet Asset Management Inc. Has $5.56 Million Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Envestnet Asset Management Inc. raised its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,598 shares of the financial services provider’s stock after buying an additional 1,207 shares during the quarter. Envestnet Asset Management Inc.’s holdings in FTAI Aviation were worth $5,560,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTAI. Anchor Investment Management LLC bought a new position in FTAI Aviation during the third quarter worth $31,000. Private Trust Co. NA grew its stake in shares of FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after buying an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in FTAI Aviation in the 4th quarter valued at about $36,000. Blue Trust Inc. acquired a new position in FTAI Aviation during the 4th quarter worth approximately $56,000. Finally, National Bank of Canada FI bought a new position in FTAI Aviation in the fourth quarter worth approximately $65,000. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FTAI. Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research report on Friday, January 10th. StockNews.com raised FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. Finally, BTIG Research raised their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $172.83.

FTAI Aviation Stock Performance

NYSE FTAI opened at $87.35 on Tuesday. The company has a market capitalization of $8.96 billion, a PE ratio of -873.41 and a beta of 1.79. FTAI Aviation Ltd. has a 52-week low of $68.50 and a 52-week high of $181.64. The company has a 50-day simple moving average of $109.41 and a 200 day simple moving average of $129.28.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.37%. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

About FTAI Aviation

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.