FTAI Aviation (NASDAQ:FTAI) Price Target Raised to $400.00

FTAI Aviation (NASDAQ:FTAI) had its price objective hoisted by BTIG Research from $340.00 to $400.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, Citizens Jmp started coverage on FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $340.62.

FTAI Aviation Trading Down 0.4%

Shares of FTAI stock opened at $215.98 on Wednesday. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. FTAI Aviation has a twelve month low of $110.76 and a twelve month high of $323.51. The company’s 50-day moving average price is $242.09 and its 200-day moving average price is $254.46. The stock has a market cap of $22.16 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 0.87 and a beta of 1.46.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm had revenue of $830.70 million for the quarter. During the same period in the prior year, the firm posted $0.87 EPS. The company’s revenue was up 65.4% compared to the same quarter last year. As a group, equities analysts predict that FTAI Aviation will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Insider Buying and Selling

In related news, Director Martin Tuchman sold 67,500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the completion of the transaction, the director owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the sale, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. This trade represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 254,515 shares of company stock worth $61,599,445 over the last three months. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FTAI. Doliver Advisors LP purchased a new position in shares of FTAI Aviation during the second quarter worth $989,000. Handelsbanken Fonder AB raised its holdings in shares of FTAI Aviation by 2.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 33,320 shares of the financial services provider’s stock valued at $9,014,000 after buying an additional 720 shares during the period. Fulton Bank N.A. raised its holdings in shares of FTAI Aviation by 60.3% in the 2nd quarter. Fulton Bank N.A. now owns 3,123 shares of the financial services provider’s stock valued at $845,000 after buying an additional 1,175 shares during the period. Wealth Science Advisors LLC lifted its stake in FTAI Aviation by 14.1% during the 2nd quarter. Wealth Science Advisors LLC now owns 1,326 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 164 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in FTAI Aviation during the 2nd quarter worth about $557,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.