FTAI Aviation (NASDAQ:FTAI) Trading Up 9.5% on Insider Buying Activity

FTAI Aviation Ltd. (NASDAQ:FTAI)’s share price rose 9.5% on Monday following insider buying activity. The stock traded as high as $225.91 and last traded at $225.55. 293,379 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 1,551,844 shares. The stock had previously closed at $206.00.

Specifically, President David Moreno bought 2,475 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the purchase, the president owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank Of Canada decreased their price target on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Citizens Jmp assumed coverage on FTAI Aviation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective for the company. BTIG Research lifted their target price on FTAI Aviation from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a research report on Friday. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $321.11.

FTAI Aviation Trading Up 11.2%

The company has a 50-day moving average of $238.79 and a 200 day moving average of $253.38. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The company has a market cap of $23.49 billion, a PE ratio of 49.78, a price-to-earnings-growth ratio of 0.83 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The company had revenue of $953.09 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 146.23%. FTAI Aviation’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.57 EPS. Analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, August 24th. Investors of record on Wednesday, August 12th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is 34.78%.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently modified their holdings of FTAI. Capital World Investors lifted its holdings in FTAI Aviation by 41.1% during the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after buying an additional 2,596,265 shares in the last quarter. Rubric Capital Management LP increased its stake in shares of FTAI Aviation by 10.1% during the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock valued at $728,345,000 after buying an additional 339,447 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of FTAI Aviation by 10.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock valued at $462,721,000 after acquiring an additional 220,384 shares in the last quarter. Geode Capital Management LLC lifted its stake in FTAI Aviation by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock worth $394,757,000 after acquiring an additional 71,271 shares during the period. Finally, State Street Corp grew its holdings in FTAI Aviation by 1.2% during the 4th quarter. State Street Corp now owns 1,745,498 shares of the financial services provider’s stock worth $343,601,000 after acquiring an additional 20,378 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.