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

Penserra Capital Management LLC bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,034 shares of the financial services provider’s stock, valued at approximately $669,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new position in FTAI Aviation during the 2nd quarter worth about $33,000. Farther Finance Advisors LLC lifted its position in shares of FTAI Aviation by 118.1% during 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 bought a new stake in shares of FTAI Aviation during the second quarter valued at approximately $59,000. Raymond James Trust N.A. acquired a new stake in shares of FTAI Aviation in the third quarter valued at approximately $200,000. Finally, RiverPark Advisors LLC bought a new position in FTAI Aviation in the 2nd quarter worth approximately $202,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

FTAI opened at $165.32 on Thursday. The firm’s fifty day moving average is $146.10 and its two-hundred day moving average is $117.15. The firm 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 twelve month low of $40.29 and a twelve month high of $177.18.

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 the consensus estimate of $0.77 by ($0.01). The business had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. Equities analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend 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

A number of brokerages have commented on FTAI. Barclays increased their price objective on FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. StockNews.com raised FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Compass Point upped their target price 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. Finally, Deutsche Bank Aktiengesellschaft lifted 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. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.