FTAI Aviation (NASDAQ:FTAI) Trading 8.4% Higher – Here’s Why

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) shot up 8.4% during trading on Monday . The stock traded as high as $250.33 and last traded at $249.45. 275,009 shares were traded during mid-day trading, a decline of 86% from the average session volume of 1,909,198 shares. The stock had previously closed at $230.03.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FTAI. Barclays boosted their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Wolfe Research reiterated an “outperform” rating and set a $225.00 price objective on shares of FTAI Aviation in a research report on Wednesday, December 31st. Citizens Jmp boosted their target price on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a report on Thursday, January 29th. Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Finally, Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Eleven equities research 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 company has an average rating of “Moderate Buy” and an average price target of $292.78.

FTAI Aviation Stock Up 5.2%

The firm’s 50 day moving average price is $272.36 and its two-hundred day moving average price is $209.15. The company has a market cap of $24.83 billion, a P/E ratio of 52.39, a price-to-earnings-growth ratio of 0.93 and a beta of 1.50. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The firm’s revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 earnings per share. Equities research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 13th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, March 13th. FTAI Aviation’s dividend payout ratio is 34.63%.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in shares of FTAI Aviation during the first quarter worth approximately $242,000. SG Americas Securities LLC increased its stake in FTAI Aviation by 325.5% during the 2nd quarter. SG Americas Securities LLC now owns 8,711 shares of the financial services provider’s stock valued at $1,002,000 after purchasing an additional 6,664 shares in the last quarter. Cetera Investment Advisers increased its stake in FTAI Aviation by 73.3% during the 2nd quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 2,368 shares in the last quarter. Entropy Technologies LP raised its holdings in FTAI Aviation by 125.7% during the second quarter. Entropy Technologies LP now owns 7,478 shares of the financial services provider’s stock worth $860,000 after buying an additional 4,165 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of FTAI Aviation by 20.6% during the second quarter. Segall Bryant & Hamill LLC now owns 83,247 shares of the financial services provider’s stock valued at $9,577,000 after buying an additional 14,246 shares during the last quarter. Institutional investors and hedge funds 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.