FTAI Aviation (NYSE:FTAI) Upgraded by Stifel Nicolaus to “Buy” Rating

Stifel Nicolaus upgraded shares of FTAI Aviation (NYSE:FTAI) from a hold rating to a buy rating in a research report report published on Friday, Marketbeat Ratings reports. The brokerage currently has $123.00 target price on the financial services provider’s stock.

Several other brokerages have also recently weighed in on FTAI. Morgan Stanley reduced their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Barclays reduced their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Citigroup restated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Finally, StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.83.

FTAI Aviation Stock Up 3.5 %

Shares of FTAI stock opened at $89.95 on Friday. FTAI Aviation has a 52 week low of $75.06 and a 52 week high of $181.64. The firm has a 50 day moving average of $105.00 and a two-hundred day moving average of $126.67. The stock has a market capitalization of $9.22 billion, a PE ratio of -899.41 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business’s revenue was up 53.7% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. Analysts expect that FTAI Aviation will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.33%. FTAI Aviation’s payout ratio is 571.43%.

Insider Buying and Selling

In related news, COO David Moreno bought 6,580 shares of the stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the purchase, the chief operating officer now owns 231,623 shares of the company’s stock, valued at $21,969,441.55. This trade represents a 2.92 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was bought at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the acquisition, the chief executive officer now owns 341,852 shares of the company’s stock, valued at approximately $32,318,688.08. This trade represents a 0.89 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is owned by company insiders.

Institutional Trading of FTAI Aviation

Hedge funds have recently made changes to their positions in the company. Capital International Investors raised its holdings in FTAI Aviation by 39.7% during the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock worth $1,537,940,000 after purchasing an additional 3,034,838 shares in the last quarter. Norges Bank purchased a new position in shares of FTAI Aviation during the 4th quarter worth approximately $183,688,000. William Blair Investment Management LLC acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $174,372,000. Shellback Capital LP purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $76,510,000. Finally, Two Sigma Advisers LP grew its holdings in FTAI Aviation by 24.5% during the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider’s stock worth $188,030,000 after acquiring an additional 256,800 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.