FTAI Aviation (NASDAQ:FTAI) Shares Gap Up on Analyst Upgrade

FTAI Aviation Ltd. (NASDAQ:FTAI)’s share price gapped up before the market opened on Wednesday after BTIG Research raised their price target on the stock from $340.00 to $400.00. The stock had previously closed at $210.25, but opened at $225.70. BTIG Research currently has a buy rating on the stock. FTAI Aviation shares last traded at $224.99, with a volume of 672,099 shares.

Several other brokerages have also recently commented on FTAI. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Morgan Stanley reissued an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Citizens Jmp started coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price for the company. Zacks Research lowered shares of 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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.62.

Insider Activity at FTAI Aviation

In related 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 value 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 SEC, which is available at the SEC website. 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 transaction of $34,810,504.96. Following the sale, the director directly owned 236,302 shares in the company, valued at $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 254,515 shares of company stock valued at $61,599,445. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors have recently modified their holdings of FTAI. AQR Capital Management LLC acquired a new position in FTAI Aviation in the 1st quarter worth about $242,000. Cetera Investment Advisers grew its holdings in FTAI Aviation by 73.3% in the second quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 2,368 shares during the period. Invesco Ltd. grew its holdings in FTAI Aviation by 23.8% in the second quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock valued at $48,015,000 after purchasing an additional 80,341 shares during the period. Amundi increased its position in shares of FTAI Aviation by 16,560.0% in the second quarter. Amundi now owns 2,499 shares of the financial services provider’s stock valued at $283,000 after buying an additional 2,484 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of FTAI Aviation in the second quarter valued at approximately $2,736,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 2.6%

The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The firm has a market capitalization of $22.24 billion, a price-to-earnings ratio of 43.02, a P/E/G ratio of 0.90 and a beta of 1.46. The company has a 50 day moving average price of $242.53 and a two-hundred day moving average price of $254.73.

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

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.75%.

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.