FTAI Aviation Ltd. $FTAI Shares Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP grew its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,915,411 shares of the financial services provider’s stock after purchasing an additional 22,960 shares during the period. FTAI Aviation accounts for about 0.9% of Westfield Capital Management Co. LP’s investment portfolio, making the stock its 22nd largest position. Westfield Capital Management Co. LP owned about 1.87% of FTAI Aviation worth $220,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of FTAI Aviation by 159.6% during the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock valued at $260,658,000 after buying an additional 1,443,440 shares during the period. Ensign Peak Advisors Inc lifted its stake in shares of FTAI Aviation by 67.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after purchasing an additional 1,238,294 shares during the period. Empyrean Capital Partners LP acquired a new stake in shares of FTAI Aviation during the first quarter worth $61,546,000. Sessa Capital IM L.P. acquired a new stake in shares of FTAI Aviation during the first quarter worth $44,412,000. Finally, Appian Way Asset Management LP grew its position in shares of FTAI Aviation by 601.8% in the first quarter. Appian Way Asset Management LP now owns 450,780 shares of the financial services provider’s stock valued at $50,050,000 after purchasing an additional 386,549 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley raised their price target on FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Jones Trading began coverage on FTAI Aviation in a report on Friday, October 10th. They set a “buy” rating and a $306.00 target price for the company. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Royal Bank Of Canada increased their price target on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and a consensus target price of $201.11.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $164.99 on Thursday. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $194.36. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 37.67 and a beta of 1.67. The firm’s fifty day moving average price is $169.85 and its 200 day moving average price is $142.27.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The business had revenue of $667.06 million for the quarter, compared to analyst estimates of $662.51 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The firm’s revenue was up 43.2% on a year-over-year basis. Analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is 31.96%.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

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.