FTAI Aviation (NASDAQ:FTAI) Director Sells $64,741.95 in Stock

FTAI Aviation Ltd. (NASDAQ:FTAI) Director Judith Hannaway sold 255 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

FTAI Aviation Trading Up 5.0%

Shares of FTAI stock opened at $262.78 on Friday. FTAI Aviation Ltd. has a 1 year low of $108.47 and a 1 year high of $323.51. The firm has a fifty day moving average price of $247.93 and a 200-day moving average price of $234.81. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The company has a market cap of $26.96 billion, a price-to-earnings ratio of 52.14, a PEG ratio of 1.01 and a beta of 1.49.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business had revenue of $830.70 million for the quarter. During the same period last year, the firm posted $0.87 earnings per share. FTAI Aviation’s revenue for the quarter was up 65.4% on a year-over-year basis. As a group, equities analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

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

Institutional Trading of FTAI Aviation

Several hedge funds have recently bought and sold shares of FTAI. SJS Investment Consulting Inc. lifted its stake in FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 64 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in FTAI Aviation during the fourth quarter valued at $30,000. Root Financial Partners LLC lifted its position in FTAI Aviation by 40.9% during the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 45 shares during the last quarter. Finally, Greenline Wealth Management LLC bought a new position in FTAI Aviation during the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

FTAI has been the subject of several recent analyst reports. Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Barclays upped their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $326.88.

About FTAI Aviation

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.