FTAI Aviation (NASDAQ:FTAI) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of FTAI Aviation (NASDAQ:FTAI) from a hold rating to a strong sell rating in a report issued on Thursday morning,Zacks.com reports.

Several other analysts also recently issued reports on the company. Barclays upped their price objective on FTAI Aviation from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Wall Street Zen lowered shares of FTAI Aviation from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Jones Trading began coverage on shares of FTAI Aviation in a report on Friday, October 10th. They set a “buy” rating and a $306.00 price target for the company. Royal Bank Of Canada upped their price objective on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley lifted their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $201.11.

FTAI Aviation Price Performance

FTAI stock opened at $176.92 on Thursday. The company’s 50 day simple moving average is $169.35 and its 200-day simple moving average is $149.10. The firm has a market capitalization of $18.15 billion, a PE ratio of 40.39 and a beta of 1.56. FTAI Aviation has a 12 month low of $75.06 and a 12 month high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The company had revenue of $667.06 million for the quarter, compared to analyst estimates of $662.51 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The company’s revenue for the quarter was up 43.2% on a year-over-year basis. As a group, sell-side analysts anticipate that FTAI Aviation will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were issued a $0.35 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.96%.

Insider Transactions at FTAI Aviation

In other news, COO David Moreno purchased 4,354 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was bought at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the purchase, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at $670,037.06. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Trading of FTAI Aviation

A number of institutional investors and hedge funds have recently bought and sold shares of FTAI. Mather Group LLC. purchased a new position in FTAI Aviation in the third quarter valued at approximately $28,000. Virtus Advisers LLC acquired a new stake in shares of FTAI Aviation in the first quarter worth $29,000. Parallel Advisors LLC increased its position in shares of FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of FTAI Aviation by 880.0% in the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 308 shares during the period. Finally, Armstrong Advisory Group Inc. acquired a new position in shares of FTAI Aviation during the 2nd quarter valued at $60,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.