Analysts Set FTAI Aviation Ltd. (NASDAQ:FTAI) PT at $321.11

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) have received a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $315.5556.

FTAI has been the topic of several recent analyst reports. Morgan Stanley reissued an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on FTAI Aviation in a research report on Friday, July 31st. Royal Bank Of Canada lowered their target price on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st.

FTAI Aviation Trading Down 2.3%

NASDAQ FTAI opened at $216.24 on Tuesday. FTAI Aviation has a twelve month low of $134.49 and a twelve month high of $323.51. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.48 and a current ratio of 5.28. The stock has a market cap of $22.21 billion, a price-to-earnings ratio of 47.01, a PEG ratio of 0.87 and a beta of 1.51. The firm’s 50 day moving average price is $235.38 and its two-hundred day moving average price is $252.04.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The business had revenue of $953.09 million during the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm’s quarterly revenue was up 40.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 EPS. Equities analysts anticipate that FTAI Aviation will post 6.77 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th will be given a $0.50 dividend. The ex-dividend date is Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is presently 34.78%.

Insider Buying and Selling

In other news, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $764,716.68. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President David Moreno purchased 2,475 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the purchase, the president directly owned 199,490 shares of the company’s stock, valued at $40,151,352.30. The trade was a 1.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Capital World Investors lifted its holdings in shares of FTAI Aviation by 41.1% during the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after buying an additional 2,596,265 shares during the last quarter. Rubric Capital Management LP grew its stake in shares of FTAI Aviation by 10.1% in the 4th quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock valued at $728,345,000 after buying an additional 339,447 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in FTAI Aviation by 10.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock worth $462,721,000 after buying an additional 220,384 shares during the last quarter. Geode Capital Management LLC raised its position in FTAI Aviation by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock valued at $394,757,000 after acquiring an additional 71,271 shares in the last quarter. Finally, State Street Corp raised its position in FTAI Aviation by 1.2% during the fourth quarter. State Street Corp now owns 1,745,498 shares of the financial services provider’s stock valued at $343,601,000 after acquiring an additional 20,378 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

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.