FTAI Aviation Ltd. (NYSE:FTAI) Shares Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lifted its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 87.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,660,031 shares of the financial services provider’s stock after acquiring an additional 773,017 shares during the quarter. FTAI Aviation accounts for 1.0% of Westfield Capital Management Co. LP’s investment portfolio, making the stock its 16th largest position. Westfield Capital Management Co. LP owned 1.62% of FTAI Aviation worth $220,618,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Foundations Investment Advisors LLC increased its stake in FTAI Aviation by 5.8% during the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 145 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 189 shares in the last quarter. KBC Group NV increased its stake in FTAI Aviation by 8.2% during the 3rd quarter. KBC Group NV now owns 2,705 shares of the financial services provider’s stock worth $359,000 after buying an additional 206 shares during the period. Hsbc Holdings PLC increased its stake in FTAI Aviation by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock worth $1,163,000 after buying an additional 216 shares during the period. Finally, Xponance Inc. lifted its holdings in FTAI Aviation by 4.1% during the 2nd quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock worth $648,000 after buying an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

NYSE:FTAI opened at $173.71 on Friday. The firm has a market cap of $17.81 billion, a PE ratio of -1,736.93 and a beta of 2.04. The firm has a 50 day simple moving average of $144.37 and a 200-day simple moving average of $115.61. FTAI Aviation Ltd. has a 1-year low of $40.29 and a 1-year high of $177.18.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same quarter last year, the firm posted $0.33 earnings per share. The company’s revenue was up 60.0% on a year-over-year basis. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.69%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Compass Point boosted their price target on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Citigroup upped their price target on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. BTIG Research assumed coverage on FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 price target on the stock. Barclays boosted their price objective on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Two research 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.09.

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.