Ashton Thomas Private Wealth LLC Takes Position in FTAI Aviation Ltd. (NYSE:FTAI)

Ashton Thomas Private Wealth LLC acquired a new stake in FTAI Aviation Ltd. (NYSE:FTAI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,460 shares of the financial services provider’s stock, valued at approximately $210,000.

Other large investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its holdings in FTAI Aviation by 96.8% in the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after buying an additional 4,106 shares during the last quarter. Sara Bay Financial purchased a new position in FTAI Aviation in the fourth quarter valued at $547,000. Ibex Wealth Advisors purchased a new position in FTAI Aviation in the fourth quarter valued at $3,518,000. Luxor Capital Group LP purchased a new position in FTAI Aviation in the third quarter valued at $1,298,000. Finally, Rhumbline Advisers increased its holdings in FTAI Aviation by 2.2% in the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after buying an additional 3,121 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 8.1 %

Shares of NYSE:FTAI opened at $105.58 on Wednesday. The company has a market cap of $10.83 billion, a P/E ratio of -1,055.69 and a beta of 2.06. FTAI Aviation Ltd. has a 52 week low of $56.19 and a 52 week high of $181.64. The company has a 50-day moving average price of $122.07 and a 200 day moving average price of $134.19.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.14%. FTAI Aviation’s payout ratio is -342.86%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. BTIG Research increased 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Barclays raised their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.