FTAI Aviation (NYSE:FTAI) Lifted to “Sell” at StockNews.com

StockNews.com upgraded shares of FTAI Aviation (NYSE:FTAI) to a sell rating in a research note published on Tuesday.

A number of other analysts have also issued reports on the company. Compass Point boosted their price objective on FTAI Aviation from $88.00 to $96.00 and gave the company a buy rating in a research note on Wednesday, May 29th. Wolfe Research downgraded shares of FTAI Aviation from an outperform rating to a peer perform rating in a report on Wednesday, July 10th. Citigroup boosted their price objective on shares of FTAI Aviation from $81.00 to $99.00 and gave the company a buy rating in a research note on Tuesday, June 11th. Jefferies Financial Group initiated coverage on shares of FTAI Aviation in a research note on Tuesday, June 25th. They issued a buy rating and a $120.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of FTAI Aviation from $84.00 to $90.00 and gave the company a buy rating in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $88.50.

FTAI Aviation Stock Down 0.9 %

Shares of NYSE:FTAI opened at $102.06 on Tuesday. The firm has a market capitalization of $10.23 billion, a PE ratio of 46.60 and a beta of 2.03. The company has a 50-day moving average price of $91.16 and a two-hundred day moving average price of $71.18. FTAI Aviation has a twelve month low of $31.73 and a twelve month high of $111.02.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The business had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $302.07 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. Analysts anticipate that FTAI Aviation will post 2.04 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Friday, May 10th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. FTAI Aviation’s dividend payout ratio is 54.79%.

Insiders Place Their Bets

In other FTAI Aviation news, CEO Joseph P. Jr. Adams purchased 59,000 shares of FTAI Aviation stock in a transaction on Thursday, May 30th. The shares were acquired at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the completion of the transaction, the chief executive officer now directly owns 197,382 shares of the company’s stock, valued at $16,185,324. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is owned by insiders.

Institutional Trading of FTAI Aviation

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP purchased a new position in shares of FTAI Aviation in the third quarter worth about $12,077,000. Teachers Retirement System of The State of Kentucky bought a new position in FTAI Aviation during the 3rd quarter worth approximately $843,000. Vanguard Group Inc. increased its stake in FTAI Aviation by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,422,511 shares of the financial services provider’s stock worth $299,420,000 after purchasing an additional 110,367 shares during the period. Public Employees Retirement System of Ohio lifted its position in FTAI Aviation by 37.4% in the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 231 shares during the last quarter. Finally, Caldwell Investment Management Ltd. purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $381,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.