FTAI Aviation (NASDAQ:FTAI) Shares Climb 7.8% – Time to Buy?

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) shot up 7.8% on Wednesday. The company traded as high as $171.44 and last traded at $170.29. 468,603 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 1,519,375 shares. The stock had previously closed at $157.95.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a $325.00 target price on shares of FTAI Aviation in a research note on Sunday, August 2nd. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Citizens Jmp assumed coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective for the company. Barclays decreased their price objective on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Finally, Morgan Stanley lowered their price objective on shares of FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $310.62.

FTAI Aviation Price Performance

The firm has a fifty day simple moving average of $186.21 and a 200 day simple moving average of $222.03. The company has a market capitalization of $17.11 billion, a PE ratio of 36.22, a P/E/G ratio of 0.81 and a beta of 1.51. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm had revenue of $953.09 million for the quarter. During the same period in the previous year, the business posted $1.57 earnings per share. The firm’s quarterly revenue was up 40.9% compared to the same quarter last year. Equities analysts anticipate that FTAI Aviation Ltd. will post 5.48 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s payout ratio is presently 43.48%.

Insiders Place Their Bets

In other FTAI Aviation news, President David Moreno bought 2,475 shares of the company’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the acquisition, the president directly owned 199,490 shares in the company, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FTAI Aviation

Several large investors have recently modified their holdings of FTAI. Root Financial Partners LLC grew its position in FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 45 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares in the last quarter. Compound Planning Inc. increased its stake in FTAI Aviation by 2.7% during the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 60 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of FTAI Aviation by 142.2% in the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after buying an additional 64 shares during the last quarter. Finally, Abel Hall LLC raised its holdings in shares of FTAI Aviation by 6.2% in the first quarter. Abel Hall LLC now owns 1,362 shares of the financial services provider’s stock worth $334,000 after buying an additional 79 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.