FTAI Aviation Ltd. (NYSE:FTAI) Receives Average Rating of “Buy” from Brokerages

FTAI Aviation Ltd. (NYSE:FTAI) has received a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. Twelve investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $171.83.

Several equities analysts recently commented on FTAI shares. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Wednesday, April 23rd. Barclays reduced their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research report on Friday, May 2nd. Finally, JMP Securities dropped their target price on shares of FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating for the company in a research report on Thursday, May 8th.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, COO David Moreno acquired 6,580 shares of the stock in a transaction dated Friday, May 2nd. The stock was purchased at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the acquisition, the chief operating officer now owns 231,623 shares in the company, valued at $21,969,441.55. The trade was a 2.92% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stacy Kuperus acquired 1,087 shares of the stock in a transaction dated Friday, May 2nd. The stock was acquired at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the acquisition, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 10,667 shares of company stock worth $1,008,715. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently made changes to their positions in FTAI. Barclays PLC increased its stake in shares of FTAI Aviation by 73.5% in the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider’s stock worth $28,520,000 after buying an additional 90,905 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of FTAI Aviation by 13.2% in the fourth quarter. Harbour Capital Advisors LLC now owns 7,690 shares of the financial services provider’s stock worth $1,164,000 after buying an additional 895 shares during the period. SeaCrest Wealth Management LLC increased its stake in shares of FTAI Aviation by 77.1% in the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock worth $944,000 after buying an additional 2,853 shares during the period. Park Avenue Securities LLC increased its stake in shares of FTAI Aviation by 8.5% in the fourth quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider’s stock worth $315,000 after buying an additional 172 shares during the period. Finally, USA Financial Formulas purchased a new position in shares of FTAI Aviation in the fourth quarter worth $93,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Trading Down 0.5%

Shares of NYSE:FTAI opened at $117.71 on Friday. The company has a 50 day moving average of $103.93 and a 200 day moving average of $124.71. The stock has a market cap of $12.07 billion, a P/E ratio of -1,176.98 and a beta of 1.64. FTAI Aviation has a 12 month low of $75.06 and a 12 month high of $181.64.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation’s revenue was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, equities analysts forecast that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.02%. FTAI Aviation’s payout ratio is presently 571.43%.

About FTAI Aviation

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.