FTAI Aviation Sees Unusually High Options Volume (NASDAQ:FTAI)

FTAI Aviation Ltd. (NASDAQ:FTAI) saw unusually large options trading activity on Monday. Stock traders bought 3,544 call options on the stock. This represents an increase of approximately 27% compared to the average daily volume of 2,783 call options.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently made changes to their positions in the business. Carnegie Lake Advisors LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter worth $338,000. Candriam S.C.A. acquired a new stake in shares of FTAI Aviation during the third quarter worth $2,552,000. Ethic Inc. grew its position in shares of FTAI Aviation by 21.4% in the third quarter. Ethic Inc. now owns 15,452 shares of the financial services provider’s stock valued at $2,581,000 after purchasing an additional 2,729 shares during the period. StoneX Group Inc. purchased a new stake in shares of FTAI Aviation in the third quarter valued at $306,000. Finally, Pictet Asset Management Holding SA increased its stake in FTAI Aviation by 3.9% in the third quarter. Pictet Asset Management Holding SA now owns 42,150 shares of the financial services provider’s stock valued at $7,040,000 after purchasing an additional 1,568 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley dropped their price objective on FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. BTIG Research reduced their target price on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Royal Bank Of Canada decreased their target price on shares of FTAI Aviation from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price target on shares of FTAI Aviation in a report on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $304.38.

FTAI Aviation Stock Performance

FTAI opened at $200.74 on Wednesday. The stock has a market cap of $20.62 billion, a P/E ratio of 40.72, a P/E/G ratio of 0.98 and a beta of 1.55. The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07. The stock’s 50 day simple moving average is $178.78 and its 200 day simple moving average is $231.53. FTAI Aviation has a 1-year low of $146.48 and a 1-year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.12. The firm had revenue of $977.66 million during the quarter. FTAI Aviation had a return on equity of 135.72% and a net margin of 15.46%. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. As a group, equities analysts anticipate that FTAI Aviation will post 5.48 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 10th. FTAI Aviation’s payout ratio is 40.57%.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.