Hills Bank & Trust Co Buys New Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Hills Bank & Trust Co bought a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,577 shares of the financial services provider’s stock, valued at approximately $947,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in FTAI Aviation by 2.7% during the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after acquiring an additional 61,897 shares during the last quarter. State Street Corp increased its stake in FTAI Aviation by 1.7% during the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after purchasing an additional 38,279 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of FTAI Aviation by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after acquiring an additional 182,252 shares during the period. Finally, Two Sigma Advisers LP increased its stake in shares of FTAI Aviation by 10.0% in the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after acquiring an additional 95,200 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 3.1 %

FTAI opened at $104.31 on Friday. The company has a market cap of $10.70 billion, a price-to-earnings ratio of -1,043.00 and a beta of 2.06. FTAI Aviation Ltd. has a 52-week low of $58.41 and a 52-week high of $181.64. The firm’s fifty day simple moving average is $119.45 and its two-hundred day simple moving average is $133.71.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s payout ratio is -342.86%.

Analyst Ratings Changes

A number of analysts have recently weighed in on FTAI shares. BTIG Research increased their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Compass Point increased their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research note on Friday, January 10th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Saturday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

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.