Penserra Capital Management LLC Takes Position in FTAI Aviation Ltd. (NYSE:FTAI)

Penserra Capital Management LLC acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,034 shares of the financial services provider's stock, valued at approximately $669,000.

Several other large investors also recently made changes to their positions in FTAI. Arcadia Investment Management Corp MI acquired a new stake in shares of FTAI Aviation in the second quarter worth $33,000. Farther Finance Advisors LLC lifted its position in shares of 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 purchasing an additional 189 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of FTAI Aviation during the second quarter worth approximately $59,000. Raymond James Trust N.A. acquired a new position in FTAI Aviation in the 3rd quarter valued at approximately $200,000. Finally, D.B. Root & Company LLC purchased a new stake in FTAI Aviation in the 3rd quarter worth approximately $221,000. Institutional investors own 88.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FTAI. Deutsche Bank Aktiengesellschaft lifted their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Compass Point upped their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Benchmark boosted 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. Barclays boosted their target price on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $162.09.

FTAI Aviation Price Performance

FTAI traded down $6.64 during trading on Thursday, reaching $165.32. The company had a trading volume of 870,891 shares, compared to its average volume of 1,042,870. The business's fifty day moving average price is $146.88 and its 200 day moving average price is $117.49. FTAI Aviation Ltd. has a 12 month low of $40.29 and a 12 month high of $177.18. The company has a market cap of $16.95 billion, a P/E ratio of -1,653.03 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation's revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation's payout ratio is -1,199.88%.

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.