FTAI Aviation (NYSE:FTAI) Sees Large Volume Increase – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI) saw unusually-strong trading volume on Wednesday . Approximately 6,290,691 shares changed hands during trading, an increase of 172% from the previous session’s volume of 2,311,167 shares.The stock last traded at $112.04 and had previously closed at $153.29.

Analysts Set New Price Targets

FTAI has been the topic of a number of recent research reports. BTIG Research lifted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Stifel Nicolaus increased their price target on FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research note on Friday, January 10th. Finally, Compass Point increased their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.33.

FTAI Aviation Trading Down 24.3 %

The business has a 50 day simple moving average of $152.65 and a two-hundred day simple moving average of $132.43. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of -1,160.68 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. Research analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio is currently -1,200.00%.

Hedge Funds Weigh In On FTAI Aviation

Several large investors have recently modified their holdings of FTAI. Oppenheimer & Co. Inc. raised its stake in FTAI Aviation by 96.8% during the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after buying an additional 4,106 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter valued at approximately $498,000. Diversified Trust Co acquired a new stake in shares of FTAI Aviation during the 3rd quarter valued at approximately $1,738,000. Luxor Capital Group LP bought a new position in FTAI Aviation during the third quarter worth $1,298,000. Finally, Franklin Resources Inc. boosted its holdings in FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after purchasing an additional 208,613 shares during the period. Institutional investors own 88.96% of the company’s stock.

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.