FTAI Aviation Ltd. (NASDAQ:FTAI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $326.8750.

A number of equities analysts recently weighed in on FTAI shares. BTIG Research upped their price target on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Weiss Ratings cut FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. 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. Jefferies Financial Group reissued a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st.

FTAI Aviation Price Performance

Shares of FTAI opened at $241.96 on Monday. FTAI Aviation has a 52 week low of $108.47 and a 52 week high of $323.51. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The company has a market capitalization of $24.82 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 0.97 and a beta of 1.47. The stock’s 50-day moving average price is $248.12 and its 200-day moving average price is $241.30.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly 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 during the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. On average, sell-side analysts predict that FTAI Aviation will post 6.77 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio is presently 31.75%.

Insider Buying and Selling

In other news, Director Martin Tuchman sold 67,500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the sale, the director directly owned 210,491 shares in the company, valued at $50,936,717.09. This represents a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Judith A. Hannaway sold 255 shares of the company’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 value of $64,741.95. Following the completion of the sale, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 254,515 shares of company stock valued at $61,599,445 over the last 90 days. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

A number of large investors have recently made changes to their positions in FTAI. AQR Capital Management LLC purchased a new stake in shares of FTAI Aviation in the first quarter valued at approximately $242,000. Cetera Investment Advisers grew its position in shares of 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 in the last quarter. Invesco Ltd. grew its position in shares of 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 in the last quarter. Amundi grew 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 purchasing 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 hedge funds and other institutional investors.

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.