FTAI Aviation (NASDAQ:FTAI) Trading Up 8.3% After Insider Buying Activity

FTAI Aviation Ltd. (NASDAQ:FTAI)’s stock price rose 8.3% during mid-day trading on Friday following insider buying activity. The company traded as high as $166.50 and last traded at $165.70. Approximately 569,525 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 1,964,668 shares. The stock had previously closed at $153.00.

Specifically, COO David Moreno purchased 4,354 shares of the stock in a transaction on Thursday, November 13th. The shares were bought at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the transaction, the chief operating officer owned 4,354 shares of the company’s stock, valued at $670,037.06. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO David Moreno acquired 2,283 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average price of $153.50 per share, with a total value of $350,440.50. Following the completion of the transaction, the chief operating officer directly owned 233,906 shares of the company’s stock, valued at approximately $35,904,571. This represents a 0.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Morgan Stanley increased their price objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Royal Bank Of Canada increased their price objective on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. BTIG Research reaffirmed a “buy” rating and set a $230.00 price objective on shares of FTAI Aviation in a research note on Monday, October 20th. Finally, Barclays raised their target price on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.11.

FTAI Aviation Trading Up 8.0%

The stock has a market cap of $16.95 billion, a PE ratio of 37.73 and a beta of 1.67. The company has a fifty day moving average of $170.29 and a 200-day moving average of $140.37.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $667.06 million for the quarter, compared to analyst estimates of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The firm’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio is currently 31.96%.

Institutional Investors Weigh In On FTAI Aviation

Several large investors have recently bought and sold shares of FTAI. Cerity Partners LLC grew its stake in shares of FTAI Aviation by 176.7% during the first quarter. Cerity Partners LLC now owns 4,035 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 2,577 shares in the last quarter. Xponance Inc. lifted its position in FTAI Aviation by 5.1% during the 1st quarter. Xponance Inc. now owns 7,704 shares of the financial services provider’s stock worth $855,000 after acquiring an additional 377 shares during the period. New York State Common Retirement Fund increased its holdings in shares of FTAI Aviation by 62.7% in the first quarter. New York State Common Retirement Fund now owns 98,115 shares of the financial services provider’s stock valued at $10,894,000 after purchasing an additional 37,813 shares during the period. Signaturefd LLC grew its position in FTAI Aviation by 627.8% in the 1st quarter. Signaturefd LLC now owns 837 shares of the financial services provider’s stock valued at $93,000 after buying an additional 722 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in FTAI Aviation by 950.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,313 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,188 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

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.