Gallo Partners LP Purchases Shares of 9,968 FTAI Aviation Ltd. (NYSE:FTAI)

Gallo Partners LP acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,968 shares of the financial services provider’s stock, valued at approximately $1,436,000.

Other institutional investors have also modified their holdings of the company. Morse Asset Management Inc purchased a new position in shares of FTAI Aviation during the third quarter worth about $354,000. Barclays PLC boosted its position in shares of FTAI Aviation by 73.5% in the 3rd quarter. Barclays PLC now owns 214,610 shares of the financial services provider’s stock valued at $28,520,000 after purchasing an additional 90,905 shares during the period. Anchor Investment Management LLC purchased a new position in FTAI Aviation during the 3rd quarter worth approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in FTAI Aviation during the third quarter worth approximately $478,000. Finally, Tidal Investments LLC increased its position in FTAI Aviation by 64.7% during the third quarter. Tidal Investments LLC now owns 23,652 shares of the financial services provider’s stock worth $3,143,000 after buying an additional 9,293 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FTAI. Royal Bank of Canada restated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. BTIG Research upped their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Wolfe Research upgraded shares of 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. Stifel Nicolaus restated a “hold” rating and issued a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Finally, Morgan Stanley decreased their price objective on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $172.83.

FTAI Aviation Trading Up 0.9 %

Shares of FTAI Aviation stock opened at $109.15 on Wednesday. The company has a fifty day moving average price of $107.16 and a 200 day moving average price of $127.62. FTAI Aviation Ltd. has a twelve month low of $70.08 and a twelve month high of $181.64. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of -1,091.39 and a beta of 1.79.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.10%. FTAI Aviation’s dividend payout ratio (DPR) is currently -342.86%.

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.