FTAI Aviation (NASDAQ:FTAI) Trading Up 8.8% – Still a Buy?

FTAI Aviation Ltd. (NASDAQ:FTAI) shares traded up 8.8% during trading on Thursday . The company traded as high as $275.00 and last traded at $274.33. 605,174 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 1,964,500 shares. The stock had previously closed at $252.04.

Analyst Ratings Changes

FTAI has been the topic of a number of research analyst reports. Wolfe Research reissued an “outperform” rating and set a $225.00 price objective on shares of FTAI Aviation in a report on Wednesday, December 31st. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Royal Bank Of Canada increased their price target on shares of FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. BTIG Research reissued a “buy” rating and issued a $230.00 target price on shares of FTAI Aviation in a report on Tuesday, December 30th. Finally, Jones Trading started coverage on shares of FTAI Aviation in a report on Friday, October 10th. They set a “buy” rating and a $306.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.88.

FTAI Aviation Stock Performance

The stock has a market capitalization of $27.61 billion, a PE ratio of 61.47 and a beta of 1.54. The company’s fifty day simple moving average is $182.32 and its two-hundred day simple moving average is $161.41.

FTAI Aviation (NASDAQ:FTAI) last announced 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). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The business had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. During the same period last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. Sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio is 31.96%.

Insider Buying and Selling at FTAI Aviation

In related news, COO David Moreno purchased 4,354 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $153.89 per share, with a total value of $670,037.06. Following the completion of the acquisition, the chief operating officer directly owned 4,354 shares in the company, valued at $670,037.06. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of FTAI Aviation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its holdings in FTAI Aviation by 9.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,818 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 162 shares in the last quarter. Capital Investment Advisors LLC purchased a new stake in shares of FTAI Aviation during the fourth quarter worth about $204,000. Moody National Bank Trust Division raised its position in shares of FTAI Aviation by 36.7% in the fourth quarter. Moody National Bank Trust Division now owns 15,642 shares of the financial services provider’s stock valued at $3,079,000 after buying an additional 4,196 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of FTAI Aviation by 15.2% during the fourth quarter. DAVENPORT & Co LLC now owns 3,596 shares of the financial services provider’s stock valued at $708,000 after buying an additional 475 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of FTAI Aviation by 88.0% during the fourth quarter. SG Americas Securities LLC now owns 9,212 shares of the financial services provider’s stock valued at $1,813,000 after buying an additional 4,311 shares during the period. 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.