FTAI Aviation (NASDAQ:FTAI) Trading Down 6% – Time to Sell?

FTAI Aviation Ltd. (NASDAQ:FTAI)’s stock price dropped 6% on Friday . The stock traded as low as $249.65 and last traded at $252.32. Approximately 182,776 shares were traded during trading, a decline of 88% from the average daily volume of 1,531,894 shares. The stock had previously closed at $268.40.

Analysts Set New Price Targets

Several analysts have recently issued reports on FTAI shares. Barclays upped their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Weiss Ratings cut shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a research report on Sunday, May 3rd. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

FTAI Aviation Stock Performance

The company has a 50-day moving average price of $251.44 and a two-hundred day moving average price of $247.62. The company has a market capitalization of $27.63 billion, a PE ratio of 53.44, a PEG ratio of 1.10 and a beta of 1.47. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00.

FTAI Aviation (NASDAQ:FTAI) last issued its 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). The company had revenue of $830.70 million during the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. Analysts predict that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is 31.75%.

Insider Activity at FTAI Aviation

In other news, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares in the company, valued at $764,716.68. The trade was a 7.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the director owned 236,302 shares in the company, valued at $57,289,056.88. This trade represents a 37.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 254,515 shares of company stock valued at $61,599,445. 1.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Lombard Odier Asset Management Europe Ltd bought a new stake in FTAI Aviation during the first quarter valued at approximately $1,151,000. NewEdge Advisors LLC lifted its holdings in shares of FTAI Aviation by 108.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,293 shares of the financial services provider’s stock worth $562,000 after acquiring an additional 1,191 shares during the last quarter. Challenger Wealth Management grew its position in FTAI Aviation by 11.6% in the first quarter. Challenger Wealth Management now owns 1,542 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 160 shares in the last quarter. Bank of America Corp DE increased its stake in FTAI Aviation by 8.2% in the first quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock valued at $216,908,000 after acquiring an additional 67,097 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in FTAI Aviation during the first quarter valued at about $4,618,000. 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.