FTAI Aviation (NYSE:FTAI) Upgraded to “Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of FTAI Aviation (NYSE:FTAI) from a hold rating to a buy rating in a report published on Friday morning, MarketBeat reports. They currently have $123.00 price objective on the financial services provider’s stock.

Several other analysts have also commented on FTAI. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research report on Friday, January 10th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Wednesday, April 23rd. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Finally, Morgan Stanley decreased their target price on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $167.83.

FTAI Aviation Trading Up 3.5 %

FTAI opened at $89.95 on Friday. The firm has a market capitalization of $9.22 billion, a PE ratio of -899.41 and a beta of 1.64. The firm has a 50 day moving average of $105.00 and a two-hundred day moving average of $126.67. FTAI Aviation has a 12-month low of $75.06 and a 12-month high of $181.64.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. During the same period in the previous year, the firm earned $0.31 EPS. The firm’s revenue for the quarter was up 53.7% on a year-over-year basis. As a group, analysts predict that FTAI Aviation will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.33%. FTAI Aviation’s dividend payout ratio (DPR) is presently 571.43%.

Insider Buying and Selling

In other news, COO David Moreno purchased 6,580 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the transaction, the chief operating officer now owns 231,623 shares in the company, valued at $21,969,441.55. This represents a 2.92 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the transaction, the chief executive officer now directly owns 341,852 shares of the company’s stock, valued at $32,318,688.08. This trade represents a 0.89 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its holdings in FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider’s stock valued at $25,000 after buying an additional 181 shares during the period. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation in the 4th quarter valued at approximately $26,000. Transce3nd LLC purchased a new stake in FTAI Aviation in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new position in FTAI Aviation during the fourth quarter worth $30,000. Finally, Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation during the third quarter worth $31,000. Hedge funds and other institutional investors 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.