FTAI Aviation (NASDAQ:FTAI) Shares Down 6% – Should You Sell?

FTAI Aviation Ltd. (NASDAQ:FTAI) dropped 6% during mid-day trading on Friday . The company traded as low as $249.65 and last traded at $252.32. 182,776 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,531,894 shares. The stock had previously closed at $268.40.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FTAI shares. Weiss Ratings cut shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 27th. 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 shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 13th. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Jefferies Financial Group restated a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a research report on Sunday, May 3rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.88.

FTAI Aviation Stock Performance

The business’s 50-day moving average price is $251.24 and its 200-day moving average price is $247.70. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The stock has a market cap of $26.68 billion, a PE ratio of 51.60, a P/E/G ratio of 1.05 and a beta of 1.47.

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

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were issued a $0.45 dividend. 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 0.7%. FTAI Aviation’s payout ratio is presently 31.75%.

Insider Buying and Selling

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction dated 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 in the company, valued at approximately $764,716.68. This represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction on Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the transaction, the director owned 236,302 shares in the company, valued at approximately $57,289,056.88. This represents a 37.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 254,515 shares of company stock worth $61,599,445 in the last quarter. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC purchased a new stake in FTAI Aviation in the first quarter valued at approximately $242,000. Cetera Investment Advisers raised its position in FTAI Aviation by 73.3% in the 2nd 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. lifted its stake in FTAI Aviation by 23.8% in the second quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock worth $48,015,000 after acquiring an additional 80,341 shares during the last quarter. Amundi lifted its position in shares of FTAI Aviation by 16,560.0% during the 2nd quarter. Amundi now owns 2,499 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 2,484 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in FTAI Aviation during the 2nd quarter worth about $2,736,000. 88.96% of the stock is 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.