Westfield Capital Management Co. LP Boosts Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Westfield Capital Management Co. LP grew its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 87.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,660,031 shares of the financial services provider’s stock after buying an additional 773,017 shares during the period. FTAI Aviation accounts for approximately 1.0% of Westfield Capital Management Co. LP’s holdings, making the stock its 16th biggest holding. Westfield Capital Management Co. LP’s holdings in FTAI Aviation were worth $220,618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new stake in FTAI Aviation during the 2nd quarter worth approximately $33,000. Farther Finance Advisors LLC grew its stake in FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after buying an additional 189 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of FTAI Aviation in the second quarter worth $59,000. Raymond James Trust N.A. purchased a new position in shares of FTAI Aviation in the 3rd quarter valued at $200,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of FTAI Aviation by 165.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 1,790 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 0.7 %

Shares of 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 company has a fifty day simple moving average of $144.37 and a 200 day simple moving average of $115.61. FTAI Aviation Ltd. has a 12-month low of $40.29 and a 12-month high of $177.18.

FTAI Aviation (NYSE:FTAI) last released its 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). The company had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. During the same period in the previous year, the firm posted $0.33 EPS. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis. As a group, equities research analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, November 14th. FTAI Aviation’s dividend payout ratio is presently -1,199.88%.

Analyst Upgrades and Downgrades

Several research analysts have commented on FTAI shares. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their price target on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. BTIG Research started coverage on FTAI Aviation in a report on Monday, August 26th. They issued a “buy” rating and a $140.00 price target for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.09.

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.