Traders Buy Large Volume of FTAI Aviation Call Options (NYSE:FTAI)

FTAI Aviation Ltd. (NYSE:FTAI) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 6,084 call options on the company. This represents an increase of approximately 199% compared to the typical daily volume of 2,035 call options.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FTAI shares. Morgan Stanley lifted their price target on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Barclays boosted their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Stifel Nicolaus restated a “hold” rating and issued a $59.00 target price (up previously from $40.00) on shares of FTAI Aviation in a research note on Monday, February 26th. Benchmark boosted their target price on shares of FTAI Aviation from $45.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, StockNews.com downgraded shares of FTAI Aviation from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.25.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $73.25 on Friday. The stock has a market cap of $7.34 billion, a PE ratio of 34.88 and a beta of 1.90. The stock has a 50-day moving average of $63.18 and a 200-day moving average of $50.81. FTAI Aviation has a one year low of $26.79 and a one year high of $74.44.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.72. The company had revenue of $312.74 million during the quarter, compared to analysts’ expectations of $310.04 million. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. FTAI Aviation’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. As a group, research analysts anticipate that FTAI Aviation will post 2.43 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.64%. FTAI Aviation’s payout ratio is 57.14%.

Institutional Trading of FTAI Aviation

Large investors have recently bought and sold shares of the business. FMR LLC boosted its position in FTAI Aviation by 179.7% during the 3rd quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock worth $221,014,000 after acquiring an additional 3,994,578 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in FTAI Aviation by 90.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after acquiring an additional 1,359,302 shares during the last quarter. Norges Bank acquired a new position in FTAI Aviation during the 4th quarter worth approximately $55,039,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in FTAI Aviation by 36.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock worth $97,286,000 after acquiring an additional 736,400 shares during the last quarter. Finally, Pingora Partners LLC acquired a new position in FTAI Aviation during the 4th quarter worth approximately $29,147,000. 88.96% of the stock is owned by institutional investors.

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.