FTAI Aviation (NYSE:FTAI) Sees Strong Trading Volume – Here’s Why

by · The Markets Daily

FTAI Aviation Ltd. (NYSE:FTAI – Get Free Report) shares saw strong trading volume on Wednesday . 6,290,691 shares were traded during mid-day trading, an increase of 172% from the previous session’s volume of 2,311,167 shares.The stock last traded at $112.04 and had previously closed at $153.29.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FTAI. Citigroup boosted their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Benchmark increased their target price on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price target on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Stifel Nicolaus increased their price objective on FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.33.

Read Our Latest Analysis on FTAI Aviation

FTAI Aviation Trading Down 6.4 %

The company has a market capitalization of $11.52 billion, a PE ratio of -1,123.69 and a beta of 2.09. The company has a fifty day simple moving average of $151.39 and a 200-day simple moving average of $132.23.

FTAI Aviation (NYSE:FTAI – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue was up 60.0% compared to the same quarter last year. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.07%. FTAI Aviation’s dividend payout ratio (DPR) is -1,199.88%.

Institutional Trading of FTAI Aviation

Institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new position in FTAI Aviation in the third quarter worth approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC grew its holdings in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares during the period. USA Financial Formulas acquired a new stake in shares of FTAI Aviation during the 4th quarter worth about $93,000. Finally, Raymond James Trust N.A. purchased a new stake in FTAI Aviation in the 3rd quarter valued at about $200,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

(Get Free Report)

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.

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