Westfield Capital Management Co. LP Purchases 773,017 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Westfield Capital Management Co. LP lifted its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 87.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and 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 makes up about 1.0% of Westfield Capital Management Co. LP's investment portfolio, making the stock its 16th largest holding. Westfield Capital Management Co. LP owned about 1.62% of FTAI Aviation worth $220,618,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI acquired a new stake in FTAI Aviation in the 2nd quarter valued at about $33,000. Farther Finance Advisors LLC grew its position in FTAI Aviation by 118.1% in 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 last quarter. Ridgewood Investments LLC bought a new position in shares of FTAI Aviation in the second quarter valued at $59,000. Raymond James Trust N.A. acquired a new stake in shares of FTAI Aviation during the 3rd quarter valued at $200,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of FTAI Aviation by 165.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider's stock worth $202,000 after acquiring an additional 1,790 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Price Performance

NYSE:FTAI traded down $1.25 during midday trading on Friday, reaching $173.71. The stock had a trading volume of 1,203,150 shares, compared to its average volume of 1,206,728. The stock has a market capitalization of $17.81 billion, a P/E ratio of -1,736.93 and a beta of 2.04. FTAI Aviation Ltd. has a 1-year low of $40.29 and a 1-year high of $177.18. The firm's fifty day simple moving average is $144.37 and its 200-day simple moving average is $115.87.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The company's revenue for the quarter was up 60.0% on a year-over-year basis. On average, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on FTAI shares. Barclays upped their target price on FTAI Aviation from $110.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Benchmark boosted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group lifted their price objective on FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average 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.