Harbour Capital Advisors LLC Boosts Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Harbour Capital Advisors LLC increased its position in FTAI Aviation Ltd. (NYSE:FTAI) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,690 shares of the financial services provider’s stock after acquiring an additional 895 shares during the quarter. Harbour Capital Advisors LLC’s holdings in FTAI Aviation were worth $1,164,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP grew its position in shares of FTAI Aviation by 87.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after purchasing an additional 773,017 shares in the last quarter. International Assets Investment Management LLC grew its holdings in 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 valued at $74,959,000 after buying an additional 560,179 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of FTAI Aviation by 229.9% during the third quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after buying an additional 264,971 shares during the last quarter. Vantage Investment Partners LLC purchased a new position in shares of FTAI Aviation in the third quarter worth $32,769,000. Finally, Franklin Resources Inc. boosted its position in shares of FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after acquiring an additional 208,613 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Down 6.0 %

Shares of NYSE FTAI traded down $10.37 during midday trading on Monday, hitting $163.65. The company’s stock had a trading volume of 2,505,215 shares, compared to its average volume of 1,910,591. FTAI Aviation Ltd. has a 12-month low of $47.21 and a 12-month high of $181.64. The firm has a market cap of $16.78 billion, a P/E ratio of -1,636.34 and a beta of 2.09. The business’s 50 day moving average is $151.83 and its two-hundred day moving average is $131.63.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The firm 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 firm’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.73%. FTAI Aviation’s dividend payout ratio is currently -1,200.00%.

Analysts Set New Price Targets

FTAI has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on shares of FTAI Aviation from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Jefferies Financial Group increased their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. BTIG Research upped their price objective on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Deutsche Bank Aktiengesellschaft increased 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. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average target price of $177.33.

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.