FTAI Aviation (NASDAQ:FTAI) Director Sells $64,741.95 in Stock

FTAI Aviation Ltd. (NASDAQ:FTAI) Director Judith Hannaway sold 255 shares of FTAI Aviation 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 transaction, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FTAI Aviation Price Performance

Shares of FTAI opened at $260.34 on Monday. The business’s 50-day moving average is $248.32 and its 200-day moving average is $235.48. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The company has a market capitalization of $26.71 billion, a price-to-earnings ratio of 51.65, a P/E/G ratio of 1.05 and a beta of 1.47. FTAI Aviation Ltd. has a fifty-two week low of $108.47 and a fifty-two week high of $323.51.

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 analysts’ consensus estimates of $1.61 by ($0.32). The company had revenue of $830.70 million for the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Equities 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 declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s payout ratio is currently 31.75%.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently modified their holdings of the business. M&T Bank Corp boosted its stake in FTAI Aviation by 323.6% during the 4th quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock valued at $3,172,000 after purchasing an additional 12,308 shares during the period. JPMorgan Chase & Co. increased its position in FTAI Aviation by 396.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after buying an additional 664,037 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of FTAI Aviation by 21.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 65,030 shares of the financial services provider’s stock worth $10,851,000 after buying an additional 11,457 shares during the last quarter. Oaktree Capital Management LP bought a new stake in shares of FTAI Aviation in the third quarter valued at approximately $97,642,000. Finally, Trek Financial LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter worth $3,936,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FTAI shares. BTIG Research increased their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Morgan Stanley restated an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a research note on Friday, May 8th. Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Weiss Ratings downgraded FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a research note on Sunday, May 3rd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.88.

FTAI Aviation Company Profile

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.