Blueshift Asset Management LLC Buys New Position in FTAI Aviation Ltd. (NYSE:FTAI)

Blueshift Asset Management LLC purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 3rd quarter, HoldingsChannel reports. The firm purchased 5,724 shares of the financial services provider’s stock, valued at approximately $761,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of FTAI Aviation during the third quarter worth $5,997,000. Brown Brothers Harriman & Co. bought a new stake in FTAI Aviation during the third quarter valued at $26,000. Harvest Fund Management Co. Ltd boosted its position in FTAI Aviation by 37.2% during the third quarter. Harvest Fund Management Co. Ltd now owns 9,973 shares of the financial services provider’s stock valued at $1,325,000 after acquiring an additional 2,705 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in FTAI Aviation by 87.1% during the 3rd 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 period. Finally, Penserra Capital Management LLC bought a new position in shares of FTAI Aviation in the 3rd quarter worth about $669,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

NYSE:FTAI opened at $165.32 on Thursday. FTAI Aviation Ltd. has a one year low of $40.29 and a one year high of $177.18. The company has a market cap of $16.95 billion, a PE ratio of -1,653.03 and a beta of 2.04. The firm has a 50-day moving average of $146.10 and a 200-day moving average of $117.15.

FTAI Aviation (NYSE:FTAI) last issued 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 company had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. On average, equities research analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Analyst Ratings Changes

FTAI has been the topic of several research analyst reports. Compass Point upped their target price on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Barclays lifted their price objective on shares of FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group increased their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.