FTAI Aviation (NYSE:FTAI) Shares Up 3.3% – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI)’s share price was up 3.3% on Wednesday . The stock traded as high as $165.62 and last traded at $165.17. Approximately 596,392 shares traded hands during trading, a decline of 60% from the average daily volume of 1,475,588 shares. The stock had previously closed at $159.91.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FTAI shares. Stifel Nicolaus lifted their price objective on shares of FTAI Aviation from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. BTIG Research raised their price objective on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a report on Friday. Barclays lifted their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Benchmark increased their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and a consensus price target of $177.33.

FTAI Aviation Price Performance

The company’s fifty day simple moving average is $151.20 and its 200-day simple moving average is $130.62. The firm has a market capitalization of $17.85 billion, a PE ratio of -1,740.03 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was up 60.0% compared to the same quarter last year. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. FTAI Aviation’s dividend payout ratio is currently -1,200.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. grew its stake in FTAI Aviation by 1,923.5% during the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after buying an additional 924,730 shares during the period. Westfield Capital Management Co. LP boosted its stake in FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after purchasing an additional 773,017 shares during the period. International Assets Investment Management LLC boosted its stake in shares of FTAI Aviation by 14,553.9% during the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after buying an additional 560,179 shares during the period. Victory Capital Management Inc. lifted its stake in shares of FTAI Aviation by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after purchasing an additional 264,971 shares during the last quarter. Finally, Vantage Investment Partners LLC bought a new position in FTAI Aviation in the 3rd quarter worth $32,769,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.