Zurcher Kantonalbank Zurich Cantonalbank Has $2.73 Million Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,935 shares of the financial services provider’s stock after purchasing an additional 1,130 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FTAI Aviation were worth $2,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in FTAI Aviation by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after purchasing an additional 61,897 shares during the period. State Street Corp increased its stake in shares of FTAI Aviation by 1.7% in 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 acquiring an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in shares of FTAI Aviation by 87.1% in 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 acquiring an additional 773,017 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of FTAI Aviation by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after acquiring an additional 182,252 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of FTAI Aviation by 10.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock valued at $139,359,000 after acquiring an additional 95,200 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FTAI shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. BTIG Research increased their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Friday, January 10th. Compass Point increased their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Trading Up 3.1 %

NYSE FTAI opened at $104.31 on Friday. The company has a market cap of $10.70 billion, a PE ratio of -1,043.00 and a beta of 2.06. FTAI Aviation Ltd. has a 12 month low of $58.41 and a 12 month high of $181.64. The stock has a 50 day moving average of $119.45 and a 200-day moving average of $133.71.

FTAI Aviation Dividend Announcement

The firm also recently declared 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 is Friday, March 14th. FTAI Aviation’s dividend payout ratio is -342.86%.

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.