FTAI Aviation (NASDAQ:FTAI) Trading 14.6% Higher – Here’s Why
by Teresa Graham · The Cerbat GemShares of FTAI Aviation Ltd. (NASDAQ:FTAI – Get Free Report) shot up 14.6% during mid-day trading on Wednesday . The stock traded as high as $281.74 and last traded at $280.07. 1,241,650 shares were traded during trading, a decline of 28% from the average session volume of 1,731,092 shares. The stock had previously closed at $244.37.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on FTAI shares. Barclays boosted their target price on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. BTIG Research upped their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Royal Bank Of Canada increased their price objective on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Zacks Research raised FTAI Aviation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, FTAI Aviation currently has a consensus rating of “Buy” and a consensus price target of $326.88.
View Our Latest Stock Report on FTAI Aviation
FTAI Aviation Stock Performance
The firm has a 50 day moving average of $253.17 and a two-hundred day moving average of $226.39. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.30. The stock has a market cap of $27.73 billion, a PE ratio of 53.63, a PEG ratio of 1.03 and a beta of 1.49.
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The company had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Research analysts predict that FTAI Aviation Ltd. will post 7.21 EPS for the current fiscal year.
FTAI Aviation Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.75%.
Insider Activity at FTAI Aviation
In other news, Director Martin Tuchman sold 67,500 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the sale, the director directly owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 254,260 shares of company stock worth $61,534,703 in the last 90 days. 1.35% of the stock is currently owned by insiders.
Institutional Investors Weigh In On FTAI Aviation
Large investors have recently modified their holdings of the company. M&T Bank Corp grew its stake in shares of FTAI Aviation by 323.6% in the 4th quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock valued at $3,172,000 after purchasing an additional 12,308 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of FTAI Aviation by 396.7% during the third quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after purchasing an additional 664,037 shares during the period. LDR Capital Management LLC acquired a new stake in shares of FTAI Aviation during the third quarter worth $1,102,000. Asset Management One Co. Ltd. purchased a new position in FTAI Aviation in the 3rd quarter valued at $2,056,000. Finally, Hiddenite Capital Partners LP increased its stake in FTAI Aviation by 12.9% in the 3rd quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider’s stock valued at $13,182,000 after buying an additional 9,000 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.
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.