FTAI Aviation (NASDAQ:FTAI) Trading Up 8.8% – What’s Next?

FTAI Aviation Ltd. (NASDAQ:FTAI)’s share price rose 8.8% during trading on Thursday . The company traded as high as $275.00 and last traded at $274.33. Approximately 605,174 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 1,964,500 shares. The stock had previously closed at $252.04.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of analyst reports. BTIG Research reiterated a “buy” rating and set a $230.00 price objective on shares of FTAI Aviation in a research note on Tuesday, December 30th. Jones Trading initiated coverage on FTAI Aviation in a report on Friday, October 10th. They set a “buy” rating and a $306.00 target price for the company. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Wall Street Zen cut shares of FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Royal Bank Of Canada upped their target price on shares of FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $226.88.

FTAI Aviation Price Performance

The stock has a 50 day moving average of $186.60 and a 200 day moving average of $163.25. The firm has a market cap of $28.07 billion, a P/E ratio of 62.49 and a beta of 1.54.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The business had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. During the same quarter in the previous year, the business earned $0.76 EPS. FTAI Aviation’s revenue for the quarter was up 43.2% compared to the same quarter last year. On average, research 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 Wednesday, November 19th. Investors of record on Monday, November 10th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio is currently 31.96%.

Insiders Place Their Bets

In other news, COO David Moreno purchased 4,354 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were acquired at an average price of $153.89 per share, with a total value of $670,037.06. Following the acquisition, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Capital International Investors grew its position in shares of FTAI Aviation by 0.7% in the 3rd quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock worth $2,318,615,000 after buying an additional 94,383 shares during the period. Capital World Investors increased its stake in shares of FTAI Aviation by 17.3% during the third quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock valued at $1,054,649,000 after purchasing an additional 933,944 shares in the last quarter. Rubric Capital Management LP lifted its holdings in shares of FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after purchasing an additional 749,080 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in shares of FTAI Aviation by 67.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after purchasing an additional 1,238,294 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in shares of FTAI Aviation by 5.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock worth $246,718,000 after buying an additional 119,237 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.