FTAI Aviation (NASDAQ:FTAI) Trading Up 8.6% – What’s Next?

FTAI Aviation Ltd. (NASDAQ:FTAI) shares shot up 8.6% during mid-day trading on Thursday . The stock traded as high as $201.81 and last traded at $201.60. 944,598 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 1,520,772 shares. The stock had previously closed at $185.61.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FTAI shares. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Morgan Stanley increased their price objective on FTAI Aviation from $319.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, August 21st. BTIG Research decreased their target price on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price target on shares of FTAI Aviation in a research report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $320.11.

FTAI Aviation Stock Performance

The firm has a market cap of $20.16 billion, a price-to-earnings ratio of 42.67, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51. The stock’s 50 day moving average is $215.76 and its 200 day moving average is $242.05. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55.

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 the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The company had revenue of $953.09 million for the quarter. During the same period in the previous year, the business earned $1.57 EPS. The firm’s revenue was up 40.9% on a year-over-year basis. Analysts anticipate that FTAI Aviation Ltd. will post 5.48 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 43.48%.

Insider Transactions at FTAI Aviation

In other news, President David Moreno purchased 2,475 shares of FTAI Aviation stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the purchase, the president directly owned 199,490 shares of the company’s stock, valued at $40,151,352.30. This trade represents a 1.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors have recently modified their holdings of the business. Mediolanum International Funds Ltd bought a new stake in FTAI Aviation in the 1st quarter valued at about $1,313,000. Trek Financial LLC bought a new position in shares of FTAI Aviation during the fourth quarter worth approximately $3,936,000. Resona Asset Management Co. Ltd. bought a new position in shares of FTAI Aviation during the first quarter worth approximately $7,217,000. Swiss National Bank raised its position in shares of FTAI Aviation by 48.9% in the first quarter. Swiss National Bank now owns 301,000 shares of the financial services provider’s stock valued at $73,745,000 after buying an additional 98,808 shares in the last quarter. Finally, Independent Financial Group LLC acquired a new stake in shares of FTAI Aviation in the first quarter valued at approximately $1,949,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.