Envestnet Asset Management Inc. Buys 1,207 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC purchased a new stake in FTAI Aviation in the 3rd quarter worth approximately $31,000. Private Trust Co. NA raised its position in shares of FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after buying an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in FTAI Aviation during the fourth quarter valued at $36,000. Blue Trust Inc. bought a new position in FTAI Aviation in the 4th quarter worth about $56,000. Finally, National Bank of Canada FI purchased a new stake in shares of FTAI Aviation in the 4th quarter valued at about $65,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Trading Down 6.1 %

FTAI stock opened at $87.35 on Tuesday. The firm’s 50-day moving average price is $109.41 and its two-hundred day moving average price is $129.28. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of -873.41 and a beta of 1.79. FTAI Aviation Ltd. has a 12-month low of $68.50 and a 12-month high of $181.64.

FTAI Aviation Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on FTAI. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Stifel Nicolaus restated a “hold” rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. StockNews.com raised FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Finally, BTIG Research raised their price objective on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $172.83.

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.