FTAI Aviation (NASDAQ:FTAI) Shares Up 7.6% – What’s Next?

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) shot up 7.6% during mid-day trading on Monday . The stock traded as high as $233.95 and last traded at $233.66. Approximately 450,051 shares were traded during trading, a decline of 71% from the average session volume of 1,543,049 shares. The stock had previously closed at $217.13.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FTAI shares. Royal Bank Of Canada reduced their target price on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Monday, July 27th. BTIG Research cut their price objective on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on FTAI Aviation in a research report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and issued a $325.00 price objective on shares of FTAI Aviation in a report on Sunday, August 2nd. Finally, Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $315.56.

FTAI Aviation Trading Up 6.1%

The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The business has a 50-day simple moving average of $232.90 and a 200-day simple moving average of $249.49. The company has a market cap of $23.66 billion, a PE ratio of 50.07, a price-to-earnings-growth ratio of 0.87 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.19). The firm had revenue of $953.09 million for the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The firm’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 EPS. On average, analysts predict that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. FTAI Aviation’s payout ratio is 43.48%.

Insiders Place Their Bets

In related news, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President David Moreno bought 2,475 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the purchase, the president directly owned 199,490 shares in the company, valued at $40,151,352.30. This represents a 1.26% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FTAI Aviation

Large investors have recently bought and sold shares of the stock. Capital World Investors raised its position in FTAI Aviation by 41.1% in the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after purchasing an additional 2,596,265 shares in the last quarter. Rubric Capital Management LP grew its position in shares of FTAI Aviation by 10.1% during the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock worth $728,345,000 after buying an additional 339,447 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of FTAI Aviation by 10.3% during the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock worth $462,721,000 after buying an additional 220,384 shares during the period. Geode Capital Management LLC increased its stake in shares of FTAI Aviation by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock worth $394,757,000 after buying an additional 71,271 shares during the period. Finally, State Street Corp raised its holdings in FTAI Aviation by 1.2% in the fourth quarter. State Street Corp now owns 1,745,498 shares of the financial services provider’s stock valued at $343,601,000 after acquiring an additional 20,378 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

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.