FTAI Aviation (NASDAQ:FTAI) Shares Down 7% – What’s Next?

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) were down 7% on Wednesday . The company traded as low as $210.64 and last traded at $211.55. Approximately 706,539 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 1,524,142 shares. The stock had previously closed at $227.55.

Analysts Set New Price Targets

A number of research analysts have issued reports on FTAI shares. Morgan Stanley reissued an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a research note on Friday, May 8th. BTIG Research lifted their price target on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 13th. Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Weiss Ratings cut FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $326.88.

FTAI Aviation Trading Down 2.1%

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 business has a fifty day moving average of $252.36 and a 200-day moving average of $252.76. The stock has a market capitalization of $22.91 billion, a price-to-earnings ratio of 44.30, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The business had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. FTAI Aviation’s dividend payout ratio is currently 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 that occurred 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 sale, the director owned 3,012 shares in the company, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Tuchman sold 143,584 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the sale, the director owned 236,302 shares in the company, valued at $57,289,056.88. This represents a 37.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is currently owned by insiders.

Institutional Trading of FTAI Aviation

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