FTAI Aviation (NASDAQ:FTAI) Shares Climb 7.6% – Here’s What Happened

FTAI Aviation Ltd. (NASDAQ:FTAI)’s share price traded up 7.6% during mid-day trading on Monday. The company traded as high as $201.98 and last traded at $201.41. Approximately 190,408 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,544,705 shares. The stock had previously closed at $187.27.

Wall Street Analyst Weigh In

A number of research firms recently commented on FTAI. Citizens Jmp assumed coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target for the company. BTIG Research lowered their price objective on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Morgan Stanley cut their price objective on FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a report on Friday, July 31st. Finally, Barclays decreased their target price on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a research report on Tuesday, September 15th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $304.38.

FTAI Aviation Trading Up 1.5%

The firm has a market cap of $20.62 billion, a P/E ratio of 40.72, a P/E/G ratio of 0.98 and a beta of 1.55. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. The firm has a fifty day moving average of $178.78 and a 200-day moving average of $231.53.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. FTAI Aviation had a return on equity of 135.72% and a net margin of 15.46%. The firm had revenue of $977.66 million during the quarter. During the same quarter in the previous year, the company earned $1.10 earnings per share. FTAI Aviation’s quarterly revenue was up 46.6% compared to the same quarter last year. Equities research analysts forecast that FTAI Aviation Ltd. will post 5.48 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. FTAI Aviation’s payout ratio is 40.57%.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors have recently modified their holdings of FTAI. Beverly Hills Private Wealth LLC boosted its stake in FTAI Aviation by 3.4% during the third quarter. Beverly Hills Private Wealth LLC now owns 4,621 shares of the financial services provider’s stock valued at $772,000 after buying an additional 150 shares in the last quarter. Carnegie Lake Advisors LLC bought a new stake in FTAI Aviation in the third quarter worth about $338,000. Candriam S.C.A. bought a new stake in FTAI Aviation in the third quarter worth about $2,552,000. Ethic Inc. lifted its holdings in FTAI Aviation by 21.4% in the 3rd quarter. Ethic Inc. now owns 15,452 shares of the financial services provider’s stock valued at $2,581,000 after acquiring an additional 2,729 shares during the last quarter. Finally, StoneX Group Inc. acquired a new stake in FTAI Aviation in the 3rd quarter valued at about $306,000. Institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.