FTAI Aviation (NASDAQ:FTAI) President David Moreno Acquires 2,475 Shares

FTAI Aviation Ltd. (NASDAQ:FTAI) President David Moreno bought 2,475 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the purchase, the president owned 199,490 shares in the company, valued at $40,151,352.30. This trade represents a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $206.00 on Monday. 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 Ltd. has a 52-week low of $128.32 and a 52-week high of $323.51. The firm has a market cap of $21.13 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 0.83 and a beta of 1.51. The company’s 50 day moving average is $238.79 and its two-hundred day moving average is $253.38.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 146.23%. The company had revenue of $953.09 million during the quarter. During the same quarter in the prior year, the firm posted $1.57 EPS. The company’s quarterly revenue was up 40.9% on a year-over-year basis. On average, research analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, August 12th. FTAI Aviation’s payout ratio is currently 34.78%.

Hedge Funds Weigh In On FTAI Aviation

A number of large investors have recently modified their holdings of FTAI. Root Financial Partners LLC increased its holdings in FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after buying an additional 45 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of FTAI Aviation by 1.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock worth $877,000 after acquiring an additional 52 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of FTAI Aviation by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock worth $1,295,000 after acquiring an additional 57 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. Finally, Compound Planning Inc. grew its stake in FTAI Aviation by 2.7% during the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 60 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $325.00 price objective on shares of FTAI Aviation in a research report on Sunday. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. BTIG Research upped their price objective on FTAI Aviation from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Citizens Jmp assumed coverage on FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price for the company. Finally, Morgan Stanley reissued an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. Ten 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $321.11.

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.