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

Gallo Partners LP bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,968 shares of the financial services provider’s stock, valued at approximately $1,436,000.

A number of other institutional investors have also recently modified their holdings of FTAI. Capital International Investors boosted its stake in shares of FTAI Aviation by 39.7% in the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock worth $1,537,940,000 after acquiring an additional 3,034,838 shares during the last quarter. Norges Bank acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at about $183,688,000. William Blair Investment Management LLC purchased a new position in shares of FTAI Aviation in the fourth quarter worth about $174,372,000. Clearbridge Investments LLC grew its stake in FTAI Aviation by 104.3% during the 4th quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider’s stock valued at $66,750,000 after acquiring an additional 236,556 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in FTAI Aviation by 35.1% in the 4th quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider’s stock valued at $130,240,000 after acquiring an additional 234,874 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

FTAI stock opened at $109.15 on Wednesday. FTAI Aviation Ltd. has a fifty-two week low of $70.08 and a fifty-two week high of $181.64. The company’s 50 day moving average price is $107.16 and its 200 day moving average price is $127.62. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of -1,091.39 and a beta of 1.79.

FTAI Aviation Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FTAI. BTIG Research boosted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Morgan Stanley cut their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $172.83.

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.