Hills Bank & Trust Co Invests $947,000 in FTAI Aviation Ltd. (NYSE:FTAI)

Hills Bank & Trust Co purchased a new position in FTAI Aviation Ltd. (NYSE:FTAI) during the 4th quarter, HoldingsChannel reports. The fund purchased 6,577 shares of the financial services provider’s stock, valued at approximately $947,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation in the third quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new position in FTAI Aviation in the third quarter worth approximately $31,000. Private Trust Co. NA lifted its stake 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 worth $35,000 after acquiring an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in FTAI Aviation in the fourth quarter worth approximately $36,000. Finally, Blue Trust Inc. purchased a new position in FTAI Aviation in the fourth quarter worth approximately $56,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FTAI. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Saturday. Wolfe Research upgraded 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. BTIG Research boosted their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Stifel Nicolaus restated a “hold” rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Finally, Compass Point boosted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Stock Up 3.1 %

Shares of FTAI opened at $104.31 on Friday. The company has a 50-day simple moving average of $119.45 and a 200-day simple moving average of $133.71. The company has a market capitalization of $10.70 billion, a PE 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.

FTAI Aviation Dividend Announcement

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 issued a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.15%. FTAI Aviation’s dividend payout ratio is presently -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.