Handelsbanken Fonder AB Acquires 600 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Handelsbanken Fonder AB boosted its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,600 shares of the financial services provider’s stock after buying an additional 600 shares during the quarter. Handelsbanken Fonder AB’s holdings in FTAI Aviation were worth $3,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation in the third quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of FTAI Aviation during the 4th quarter valued at approximately $36,000. Farther Finance Advisors LLC lifted its position in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after buying an additional 189 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in shares of FTAI Aviation during the 4th quarter valued at approximately $56,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $129.31 on Monday. FTAI Aviation Ltd. has a 12 month low of $53.77 and a 12 month high of $181.64. The business has a 50 day simple moving average of $124.91 and a 200-day simple moving average of $133.54. The stock has a market capitalization of $13.26 billion, a PE ratio of -1,292.97 and a beta of 2.06.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FTAI shares. 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 research report on Friday, January 10th. Barclays raised their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Stifel Nicolaus lowered their target price on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Compass Point lifted their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Citigroup lifted their price objective on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.75.

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.