Healthcare of Ontario Pension Plan Trust Fund increased its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 16.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 658,200 shares of the financial services provider's stock after acquiring an additional 94,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.64% of FTAI Aviation worth $87,475,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Blueshift Asset Management LLC acquired a new stake in shares of FTAI Aviation in the third quarter worth approximately $761,000. Quantbot Technologies LP acquired a new stake in shares of FTAI Aviation in the third quarter worth approximately $5,997,000. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation in the third quarter worth approximately $26,000. Harvest Fund Management Co. Ltd boosted its position in shares of FTAI Aviation by 37.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 9,973 shares of the financial services provider's stock worth $1,325,000 after acquiring an additional 2,705 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in shares of FTAI Aviation by 87.1% in 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 acquiring an additional 773,017 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.
FTAI Aviation Stock Up 2.2 %
FTAI opened at $171.96 on Wednesday. The firm has a market capitalization of $17.63 billion, a P/E ratio of -1,719.43 and a beta of 2.04. The firm's 50 day moving average is $145.20 and its 200-day moving average is $116.50. FTAI Aviation Ltd. has a 52-week low of $40.29 and a 52-week high of $177.18.
FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data 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 for 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 company's revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 EPS. Equities analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.
FTAI Aviation Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. FTAI Aviation's dividend payout ratio (DPR) is presently -1,199.88%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on FTAI shares. Deutsche Bank Aktiengesellschaft raised their target price 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. Royal Bank of Canada reissued an "outperform" rating and issued a $160.00 target price on shares of FTAI Aviation in a research report on Friday, November 1st. Compass Point lifted their price target on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Benchmark lifted their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Citigroup lifted their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of "Moderate Buy" and an average price target of $162.09.
Read Our Latest Stock Analysis on FTAI
FTAI Aviation Company Profile
(
Free Report)
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.
Further Reading
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