FTAI Aviation (NASDAQ:FTAI) Shares Gap Up – Here’s Why

FTAI Aviation Ltd. (NASDAQ:FTAI)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $210.25, but opened at $225.70. FTAI Aviation shares last traded at $224.99, with a volume of 672,099 shares changing hands.

Analyst Upgrades and Downgrades

FTAI has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. 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. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Citizens Jmp started coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target for the company. Finally, Morgan Stanley restated an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $333.12.

FTAI Aviation Price Performance

The stock has a fifty day moving average of $244.27 and a two-hundred day moving average of $254.51. The stock has a market cap of $22.27 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.46. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The business had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. On average, equities research analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were paid a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio (DPR) is 31.75%.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, Director Martin Tuchman sold 67,500 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the transaction, the director directly owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction that occurred 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 owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is owned by insiders.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently modified their holdings of FTAI. SJS Investment Consulting Inc. increased 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 valued at $26,000 after purchasing an additional 59 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in FTAI Aviation by 142.2% during the first 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 during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in FTAI Aviation during the fourth quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in FTAI Aviation during the second quarter worth $37,000. Finally, Root Financial Partners LLC grew its holdings 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 purchasing an additional 45 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.