Shares of FTAI Aviation Ltd. (NASDAQ:FTAI – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $315.67.
Several research firms recently weighed in on FTAI. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Morgan Stanley upped their target price on FTAI Aviation from $319.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Jefferies Financial Group reiterated a “buy” rating and set a $325.00 price target on shares of FTAI Aviation in a research report on Sunday, August 2nd. BTIG Research dropped their price target on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada cut their price target on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, July 27th.
View Our Latest Analysis on FTAI Aviation
FTAI Aviation Price Performance
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last posted its quarterly earnings results 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). FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The business had revenue of $953.09 million during the quarter. During the same quarter in the prior year, the firm posted $1.57 EPS. The business’s revenue was up 40.9% on a year-over-year basis. Research analysts predict that FTAI Aviation will post 5.48 EPS for the current year.
FTAI Aviation Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 43.48%.
Insider Activity
In other news, President David Moreno purchased 2,475 shares of the stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.35% of the company’s stock.
Institutional Trading of FTAI Aviation
Hedge funds have recently bought and sold shares of the company. Mediolanum International Funds Ltd acquired a new stake in FTAI Aviation in the first quarter worth about $1,313,000. Baird Financial Group Inc. increased its stake in FTAI Aviation by 619.2% during the 2nd quarter. Baird Financial Group Inc. now owns 89,672 shares of the financial services provider’s stock valued at $24,259,000 after buying an additional 77,203 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in FTAI Aviation during the 1st quarter valued at about $7,217,000. Independent Financial Group LLC bought a new stake in shares of FTAI Aviation during the 1st quarter worth about $1,949,000. Finally, Swiss National Bank raised its position in shares of FTAI Aviation by 48.9% during the 1st quarter. Swiss National Bank now owns 301,000 shares of the financial services provider’s stock worth $73,745,000 after buying an additional 98,808 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.
About FTAI Aviation
FTAI Aviation Ltd. (NASDAQ: FTAI) is an aviation asset owner and lessor focused on commercial aircraft engines and related aviation equipment. The company primarily acquires, leases and manages aircraft engines, with a particular emphasis on CFM56 engines, which power many Airbus A320-family and Boeing 737 Next Generation aircraft.
In addition to engine leasing, FTAI Aviation owns and leases commercial aircraft and provides aviation aftermarket services. Its activities include engine disassembly, maintenance, repair and overhaul, as well as the sale of engine components and other aircraft parts.
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