FTAI Aviation (NASDAQ:FTAI – Free Report) had its target price reduced by BTIG Research from $400.00 to $350.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.
A number of other equities analysts have also issued reports on FTAI. Jefferies Financial Group reiterated a “buy” rating and issued a $325.00 target price on shares of FTAI Aviation in a research report on Sunday. Deutsche Bank Aktiengesellschaft set a $290.00 price target on shares of FTAI Aviation in a research report on Friday, July 31st. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. Finally, Citizens Jmp began coverage on shares of FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average target price of $315.56.
Read Our Latest Stock Report on FTAI
FTAI Aviation Trading Down 1.1%
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business had revenue of $953.09 million for the quarter. During the same quarter last year, the business earned $1.57 earnings per share. The business’s revenue for the quarter was up 40.9% on a year-over-year basis. As a group, research analysts expect that FTAI Aviation will post 6.77 EPS for the current year.
FTAI Aviation Announces Dividend
The company also recently announced a dividend, which will be paid on Monday, August 24th. Investors of record on Wednesday, August 12th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is currently 34.78%.
Insider Transactions at FTAI Aviation
In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President David Moreno purchased 2,475 shares of the business’s stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the acquisition, the president directly owned 199,490 shares in the company, valued at $40,151,352.30. The trade was a 1.26% increase in their position. The SEC filing for this purchase provides additional information. 1.35% of the stock is owned by insiders.
Institutional Trading of FTAI Aviation
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Doliver Advisors LP bought a new stake in shares of FTAI Aviation in the 2nd quarter worth approximately $989,000. Handelsbanken Fonder AB boosted its holdings in FTAI Aviation by 2.2% during the second quarter. Handelsbanken Fonder AB now owns 33,320 shares of the financial services provider’s stock worth $9,014,000 after buying an additional 720 shares in the last quarter. Fulton Bank N.A. boosted its holdings in FTAI Aviation by 60.3% during the second quarter. Fulton Bank N.A. now owns 3,123 shares of the financial services provider’s stock worth $845,000 after buying an additional 1,175 shares in the last quarter. Wealth Science Advisors LLC grew its position in FTAI Aviation by 14.1% in the second quarter. Wealth Science Advisors LLC now owns 1,326 shares of the financial services provider’s stock worth $359,000 after buying an additional 164 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in FTAI Aviation in the second quarter worth approximately $557,000. 88.96% of the stock is currently owned by 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.
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