Canada Pension Plan Investment Board Buys Shares of 23,660 FTAI Aviation Ltd. (NYSE:FTAI)

Canada Pension Plan Investment Board purchased a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,660 shares of the financial services provider’s stock, valued at approximately $3,408,000.

Several other hedge funds have also recently made changes to their positions in the stock. Merit Financial Group LLC grew its position in FTAI Aviation by 2.5% in the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 105 shares during the period. MML Investors Services LLC grew its holdings in shares of FTAI Aviation by 6.3% in the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 129 shares during the period. CIBC Asset Management Inc grew its holdings in shares of FTAI Aviation by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 147 shares during the period. Nisa Investment Advisors LLC increased its position in FTAI Aviation by 7.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 161 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings 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 acquiring an additional 168 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 5.4 %

NYSE:FTAI opened at $92.04 on Wednesday. The business’s 50-day simple moving average is $109.09 and its two-hundred day simple moving average is $129.02. FTAI Aviation Ltd. has a 52 week low of $69.01 and a 52 week high of $181.64. The stock has a market cap of $9.44 billion, a PE ratio of -920.31 and a beta of 1.79.

FTAI Aviation Dividend Announcement

The firm 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 of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.30%. FTAI Aviation’s dividend payout ratio is presently -342.86%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FTAI shares. Morgan Stanley cut their price target on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Friday, January 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $172.83.

FTAI Aviation 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.