Martin Tuchman Sells 143,584 Shares of FTAI Aviation (NASDAQ:FTAI) Stock

FTAI Aviation Ltd. (NASDAQ:FTAI) Director Martin Tuchman sold 143,584 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the completion of the transaction, the director owned 236,302 shares of the company’s stock, valued at approximately $57,289,056.88. This trade represents a 37.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Martin Tuchman also recently made the following trade(s):

• On Monday, May 4th, Martin Tuchman sold 67,500 shares of FTAI Aviation stock. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00.
• On Monday, May 4th, Martin Tuchman sold 43,176 shares of FTAI Aviation stock. The stock was sold at an average price of $240.64, for a total value of $10,389,872.64.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock traded up $4.36 during trading on Tuesday, hitting $244.37. 1,281,080 shares of the company’s stock traded hands, compared to its average volume of 1,738,213. FTAI Aviation Ltd. has a 1 year low of $97.50 and a 1 year high of $323.51. The business has a 50-day simple moving average of $254.67 and a 200-day simple moving average of $224.33. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. The stock has a market capitalization of $25.07 billion, a P/E ratio of 48.49, a PEG ratio of 0.91 and a beta of 1.49.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 214.24%. The firm had revenue of $830.70 million during the quarter. During the same quarter last year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 65.4% compared to the same quarter last year. As a group, analysts forecast that FTAI Aviation Ltd. will post 7.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FTAI. Zacks Research upgraded FTAI Aviation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada raised their price objective on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a report on Sunday. Finally, Weiss Ratings downgraded FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $323.63.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital International Investors increased its holdings in shares of FTAI Aviation by 0.7% in the third quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock valued at $2,318,615,000 after purchasing an additional 94,383 shares during the last quarter. Capital World Investors grew its stake in shares of FTAI Aviation by 41.1% in the fourth 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. Rubric Capital Management LP grew its stake in shares of FTAI Aviation by 10.1% in the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock valued at $728,345,000 after buying an additional 339,447 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in shares of FTAI Aviation by 10.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock valued at $462,721,000 after buying an additional 220,384 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of FTAI Aviation by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock valued at $394,757,000 after buying an additional 71,271 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.