FTAI Aviation (NASDAQ:FTAI) Downgraded to “Hold” Rating by Zacks Research

Zacks Research cut shares of FTAI Aviation (NASDAQ:FTAI) from a strong-buy rating to a hold rating in a report published on Thursday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Barclays increased their price target on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. BTIG Research increased their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Finally, Citizens Jmp upped their price target on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research note on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $326.88.

FTAI Aviation Trading Up 2.3%

NASDAQ:FTAI opened at $252.13 on Thursday. FTAI Aviation has a 12 month low of $108.47 and a 12 month high of $323.51. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The firm’s 50 day moving average is $246.20 and its 200 day moving average is $231.75. The stock has a market capitalization of $25.86 billion, a PE ratio of 50.03, a price-to-earnings-growth ratio of 0.99 and a beta of 1.49.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The firm had revenue of $830.70 million for the quarter. During the same period last year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 65.4% compared to the same quarter last year. Sell-side analysts expect that FTAI Aviation will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is 31.75%.

Insider Activity

In other FTAI Aviation news, Director Martin Tuchman sold 67,500 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the transaction, the director directly owned 210,491 shares in the company, valued at $50,936,717.09. This represents a 24.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 254,260 shares of company stock valued at $61,534,703 in the last quarter. Company insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors have recently made changes to their positions in the stock. SJS Investment Consulting Inc. raised its position in shares of 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 buying an additional 59 shares in the last quarter. Meeder Asset Management Inc. grew its position in 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 acquiring an additional 64 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in FTAI Aviation in the fourth quarter valued at $30,000. Root Financial Partners LLC increased its stake in FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 45 shares during the last quarter. Finally, Greenline Wealth Management LLC purchased a new stake in FTAI Aviation during the fourth quarter valued at about $50,000. Institutional investors own 88.96% of the company’s stock.

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.