Quantbot Technologies LP Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Quantbot Technologies LP bought a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 45,126 shares of the financial services provider’s stock, valued at approximately $5,997,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. lifted its holdings in FTAI Aviation by 1,923.5% in the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after acquiring an additional 924,730 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after purchasing an additional 813,311 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of FTAI Aviation by 14,553.9% during the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after purchasing an additional 560,179 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of FTAI Aviation by 229.9% during the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock worth $50,530,000 after purchasing an additional 264,971 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Up 2.2 %

Shares of NYSE:FTAI opened at $171.96 on Wednesday. FTAI Aviation Ltd. has a 52 week low of $40.29 and a 52 week high of $177.18. The company’s 50 day moving average is $145.20 and its two-hundred day moving average is $116.50. The company has a market cap of $17.63 billion, a PE ratio of 69.53 and a beta of 2.04.

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

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Analysts Set New Price Targets

Several brokerages have weighed in on FTAI. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Compass Point increased their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. BTIG Research started coverage on FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price on the stock. Benchmark raised their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.