FTAI Aviation Ltd. (NASDAQ:FTAI – Get Free Report)’s stock price traded up 6.7% during mid-day trading on Tuesday. The company traded as high as $175.75 and last traded at $175.74. 653,265 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 1,498,671 shares. The stock had previously closed at $164.70.
Analyst Ratings Changes
A number of research firms recently issued reports on FTAI. Jefferies Financial Group restated a “buy” rating and set a $325.00 price objective on shares of FTAI Aviation in a report on Sunday, August 2nd. Barclays lowered their price objective on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a research note on Tuesday, September 15th. Citizens Jmp began coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective for the company. Morgan Stanley increased their target price on FTAI Aviation from $319.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Finally, Weiss Ratings cut shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $315.67.
Get Our Latest Report on FTAI Aviation
FTAI Aviation Price Performance
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last announced its 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). The company had revenue of $953.09 million during the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The business’s revenue for the quarter was up 40.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 earnings per share. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 5.48 earnings per share for the current year.
FTAI Aviation Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation’s payout ratio is 43.48%.
Insiders Place Their Bets
In other FTAI Aviation news, President David Moreno purchased 2,475 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $201.27 per share, with a total value of $498,143.25. Following the acquisition, the president owned 199,490 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.35% of the company’s stock.
Institutional Investors Weigh In On FTAI Aviation
Institutional investors and hedge funds have recently modified their holdings of the business. Root Financial Partners LLC boosted its stake in FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 45 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 59 shares during the last quarter. Compound Planning Inc. raised its position in shares of FTAI Aviation by 2.7% during the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock valued at $560,000 after acquiring an additional 60 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in FTAI Aviation by 142.2% during the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 64 shares during the last quarter. Finally, Abel Hall LLC lifted its stake in FTAI Aviation by 6.2% during the first quarter. Abel Hall LLC now owns 1,362 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 79 shares during the last quarter. 88.96% of the stock is owned by institutional investors.
About FTAI Aviation
FTAI Aviation Ltd. is an aviation company focused on owning, leasing, and managing commercial aircraft and aircraft engines. The company provides aviation assets to airlines, aircraft leasing companies, maintenance, repair and overhaul providers, and other participants in the global aviation industry.
FTAI Aviation’s business includes aircraft and engine leasing, asset management, and the acquisition and sale of aviation equipment. Through its aviation products activities, the company also develops and sells proprietary aerospace products designed to improve engine performance, reliability, and maintenance economics, including solutions associated with the CFM56 engine platform.
The company serves customers across international aviation markets and manages assets used by airlines and operators in multiple regions.
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