Penserra Capital Management LLC Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Penserra Capital Management LLC purchased a new stake in FTAI Aviation Ltd. (NYSE:FTAI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,034 shares of the financial services provider’s stock, valued at approximately $669,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. raised its holdings in FTAI Aviation by 1,923.5% in the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after acquiring an additional 924,730 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after purchasing an additional 813,311 shares during the period. International Assets Investment Management LLC increased its stake in shares of FTAI Aviation by 14,553.9% in the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after purchasing an additional 560,179 shares during the period. Victory Capital Management Inc. lifted its position in shares of FTAI Aviation by 229.9% during the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock worth $50,530,000 after purchasing an additional 264,971 shares during the last quarter. Finally, Vantage Investment Partners LLC bought a new stake in FTAI Aviation during the 3rd quarter valued at approximately $32,769,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 3.9 %

Shares of FTAI opened at $165.32 on Thursday. The stock has a market cap of $16.95 billion, a PE ratio of -1,653.03 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 stock has a 50 day simple moving average of $146.10 and a 200-day simple moving average of $117.15.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $422.45 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. The business’s revenue was up 60.0% compared to the same quarter last year. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued 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 is currently -1,199.88%.

Analysts Set New Price Targets

A number of brokerages have recently commented on FTAI. BTIG Research began coverage on FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 price target for the company. Citigroup upped their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Compass Point raised their price target on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Finally, Barclays lifted their target price on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $162.09.

About FTAI Aviation

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.