FTAI Aviation Ltd. $FTAI is Westfield Capital Management Co. LP’s 9th Largest Position

Westfield Capital Management Co. LP increased its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 10.3% in the 4th quarter, Holdings Channel reports. The fund owned 2,350,625 shares of the financial services provider’s stock after buying an additional 220,384 shares during the quarter. FTAI Aviation comprises about 1.9% of Westfield Capital Management Co. LP’s holdings, making the stock its 9th largest position. Westfield Capital Management Co. LP’s holdings in FTAI Aviation were worth $462,721,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Corp grew its position in FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 182 shares in the last quarter. Covestor Ltd boosted its position in FTAI Aviation by 338.6% during the fourth quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock valued at $76,000 after buying an additional 298 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in FTAI Aviation by 88.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock valued at $95,000 after buying an additional 227 shares during the period. Rossby Financial LCC boosted its position in FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after buying an additional 65 shares during the period. Finally, Global Retirement Partners LLC boosted its position in FTAI Aviation by 75.8% during the fourth quarter. Global Retirement Partners LLC now owns 603 shares of the financial services provider’s stock valued at $119,000 after buying an additional 260 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Martin Tuchman sold 143,584 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the transaction, the director directly owned 236,302 shares of the company’s stock, valued at approximately $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 254,515 shares of company stock valued at $61,599,445. Insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on FTAI. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a research report on Sunday, May 3rd. Morgan Stanley restated an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. BTIG Research upped their price target on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Finally, Barclays upped their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $326.88.

FTAI Aviation Stock Performance

Shares of NASDAQ:FTAI opened at $250.09 on Friday. The company has a market cap of $25.65 billion, a price-to-earnings ratio of 49.62, a price-to-earnings-growth ratio of 0.99 and a beta of 1.47. The company has a 50-day moving average price of $248.96 and a 200-day moving average price of $238.08. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a 12 month low of $108.47 and a 12 month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The company’s revenue was up 65.4% on a year-over-year basis. During the same period last year, the business posted $0.87 earnings per share. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is 31.75%.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.