FTAI Aviation Ltd. (NASDAQ:FTAI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) have earned an average rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $333.1250.

FTAI has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Jefferies Financial Group restated a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a research report on Sunday, May 3rd. Weiss Ratings lowered FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Citizens Jmp initiated coverage on FTAI Aviation in a report on Wednesday. They set a “market outperform” rating and a $375.00 price objective for the company.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $203.70 on Friday. The company has a 50 day moving average of $248.26 and a 200 day moving average of $254.15. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The stock has a market cap of $20.90 billion, a P/E ratio of 40.42, a P/E/G ratio of 0.86 and a beta of 1.46. FTAI Aviation has a 12 month low of $109.90 and a 12 month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm had revenue of $830.70 million during the quarter. During the same quarter in the previous year, the company earned $0.87 EPS. FTAI Aviation’s quarterly revenue was up 65.4% on a year-over-year basis. As a group, sell-side analysts forecast that FTAI Aviation will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a yield of 0.9%. FTAI Aviation’s payout ratio is presently 31.75%.

Insider Buying and Selling at FTAI Aviation

In other news, Director Martin Tuchman sold 67,500 shares of FTAI Aviation stock in a transaction on Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction 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 legal filing with the SEC, which is accessible through this link. Also, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 254,515 shares of company stock worth $61,599,445. Corporate insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently modified their holdings of FTAI. Capital World Investors raised its holdings in shares of FTAI Aviation by 41.1% during the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after buying an additional 2,596,265 shares in the last quarter. Norges Bank purchased a new stake in FTAI Aviation in the fourth quarter worth approximately $262,393,000. Northern Right Capital Management L.P. grew its position in FTAI Aviation by 884.1% during the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after acquiring an additional 795,675 shares during the last quarter. Rubric Capital Management LP grew its position in 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 acquiring an additional 749,080 shares during the last quarter. Finally, Oaktree Capital Management LP purchased a new position in shares of FTAI Aviation during the third quarter worth approximately $97,642,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.