FTAI Aviation (NASDAQ:FTAI) Shares Gap Up – Here’s Why

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) gapped up before the market opened on Wednesday . The stock had previously closed at $176.44, but opened at $183.41. FTAI Aviation shares last traded at $180.34, with a volume of 109,831 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FTAI. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Weiss Ratings cut shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on FTAI Aviation in a report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and set a $325.00 target price on shares of FTAI Aviation in a research report on Sunday, August 2nd. Finally, Morgan Stanley increased their price target on shares of FTAI Aviation from $319.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $315.67.

FTAI Aviation Stock Up 4.6%

The stock has a 50-day simple moving average of $206.47 and a two-hundred day simple moving average of $236.53. The firm has a market cap of $18.95 billion, a PE ratio of 40.11, a P/E/G ratio of 0.88 and a beta of 1.51. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The firm had revenue of $953.09 million during the quarter. During the same period in the prior year, the company posted $1.57 earnings per share. FTAI Aviation’s quarterly revenue was up 40.9% compared to the same quarter last year. Analysts expect that FTAI Aviation Ltd. will post 5.48 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 43.48%.

Insider Buying and Selling at FTAI Aviation

In related news, President David Moreno acquired 2,475 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was purchased at an average price of $201.27 per share, with a total value of $498,143.25. Following the completion of the purchase, the president owned 199,490 shares in the company, valued at $40,151,352.30. This trade represents a 1.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

A number of hedge funds have recently modified their holdings of FTAI. SJS Investment Consulting Inc. raised its position in FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after buying an additional 64 shares during the period. Ancora Advisors LLC bought a new position in shares of FTAI Aviation during the second quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in FTAI Aviation during the 2nd quarter valued at approximately $37,000. Finally, Root Financial Partners LLC raised its position in shares of FTAI Aviation by 40.9% in the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation Ltd. (NASDAQ: FTAI) is an aviation asset owner and lessor focused on commercial aircraft engines and related aviation equipment. The company primarily acquires, leases and manages aircraft engines, with a particular emphasis on CFM56 engines, which power many Airbus A320-family and Boeing 737 Next Generation aircraft.

In addition to engine leasing, FTAI Aviation owns and leases commercial aircraft and provides aviation aftermarket services. Its activities include engine disassembly, maintenance, repair and overhaul, as well as the sale of engine components and other aircraft parts.