Thrivent Financial for Lutherans Has $6.50 Million Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Thrivent Financial for Lutherans raised its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 38.5% during the 4th quarter, Holdings Channel reports. The fund owned 45,128 shares of the financial services provider’s stock after acquiring an additional 12,535 shares during the period. Thrivent Financial for Lutherans’ holdings in FTAI Aviation were worth $6,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Freemont Management S.A. acquired a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $1,440,000. Axxcess Wealth Management LLC boosted its stake in FTAI Aviation by 10.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,965 shares of the financial services provider’s stock valued at $571,000 after purchasing an additional 362 shares during the period. William Blair Investment Management LLC acquired a new position in FTAI Aviation in the 4th quarter valued at $174,372,000. Cibc World Markets Corp bought a new position in FTAI Aviation during the 4th quarter worth $1,369,000. Finally, Harbour Investments Inc. lifted its holdings in shares of FTAI Aviation by 168.3% during the fourth quarter. Harbour Investments Inc. now owns 4,583 shares of the financial services provider’s stock worth $660,000 after buying an additional 2,875 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

NYSE FTAI opened at $107.23 on Monday. The business has a fifty day moving average price of $113.51 and a two-hundred day moving average price of $133.20. The stock has a market capitalization of $11.00 billion, a PE ratio of -1,072.19 and a beta of 2.06. FTAI Aviation Ltd. has a fifty-two week low of $65.00 and a fifty-two week high of $181.64.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. FTAI Aviation’s dividend payout ratio is currently -342.86%.

Analyst Ratings Changes

Several equities analysts recently commented on FTAI shares. Barclays upped their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Finally, Compass Point raised their price objective on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Company 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.