FTAI Aviation (NYSE:FTAI) Shares Down 4.5% – Should You Sell?

FTAI Aviation Ltd. (NYSE:FTAI) fell 4.5% during trading on Tuesday . The stock traded as low as $118.85 and last traded at $119.09. 360,355 shares changed hands during trading, a decline of 80% from the average session volume of 1,772,593 shares. The stock had previously closed at $124.73.

Analysts Set New Price Targets

Several brokerages have weighed in on FTAI. Citigroup restated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. JMP Securities decreased their price objective on FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating for the company in a report on Thursday, May 8th. Morgan Stanley lowered their price objective on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Barclays reduced their target price on FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Finally, Royal Bank of Canada lowered their price target on FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.83.

FTAI Aviation Stock Down 3.3%

The stock has a market cap of $12.37 billion, a PE ratio of -1,205.08 and a beta of 1.66. The stock has a 50-day moving average of $107.40 and a 200 day moving average of $119.99.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation’s quarterly revenue was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.99%. FTAI Aviation’s dividend payout ratio (DPR) is presently 571.43%.

Insiders Place Their Bets

In other news, COO David Moreno bought 6,580 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the transaction, the chief operating officer now directly owns 231,623 shares in the company, valued at $21,969,441.55. The trade was a 2.92% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stacy Kuperus purchased 1,087 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the transaction, the insider now directly owns 88,423 shares of the company’s stock, valued at $8,214,496.70. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 10,667 shares of company stock worth $1,008,715. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital International Investors lifted its position in FTAI Aviation by 39.7% during the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock worth $1,537,940,000 after buying an additional 3,034,838 shares in the last quarter. Wellington Management Group LLP increased its position in FTAI Aviation by 159.6% during the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock worth $260,658,000 after purchasing an additional 1,443,440 shares during the last quarter. Norges Bank acquired a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $183,688,000. William Blair Investment Management LLC purchased a new stake in shares of FTAI Aviation during the 4th quarter valued at approximately $174,372,000. Finally, Empyrean Capital Partners LP purchased a new stake in shares of FTAI Aviation during the 1st quarter valued at approximately $61,546,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.