FTAI Aviation (NASDAQ:FTAI) Director Judith Hannaway Sells 255 Shares

FTAI Aviation Ltd. (NASDAQ:FTAI) Director Judith 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 transaction of $64,741.95. Following the sale, the director owned 3,012 shares in the company, valued at $764,716.68. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $260.34 on Friday. The company’s fifty day moving average price is $248.32 and its 200 day moving average price is $234.99. FTAI Aviation Ltd. has a 12 month low of $108.47 and a 12 month high of $323.51. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The firm has a market capitalization of $26.71 billion, a P/E ratio of 51.65, a P/E/G ratio of 1.06 and a beta of 1.49.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company had revenue of $830.70 million for the quarter. During the same quarter in the prior year, the company earned $0.87 EPS. FTAI Aviation’s quarterly revenue was up 65.4% compared to the same quarter last year. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Morgan Stanley reissued an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Barclays raised their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, BTIG Research raised their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FTAI. M&T Bank Corp boosted its holdings in shares of FTAI Aviation by 323.6% in the fourth quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock valued at $3,172,000 after acquiring an additional 12,308 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of FTAI Aviation by 396.7% in the third quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock valued at $138,730,000 after acquiring an additional 664,037 shares in the last quarter. Oaktree Capital Management LP purchased a new stake in shares of FTAI Aviation in the third quarter valued at about $97,642,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of FTAI Aviation by 21.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 65,030 shares of the financial services provider’s stock valued at $10,851,000 after acquiring an additional 11,457 shares in the last quarter. Finally, Trek Financial LLC purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at about $3,936,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

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.