Judith Hannaway Sells 255 Shares of FTAI Aviation (NASDAQ:FTAI) Stock

FTAI Aviation Ltd. (NASDAQ:FTAI) Director Judith 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 transaction, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

FTAI Aviation Price Performance

FTAI stock opened at $262.78 on Friday. The firm has a 50 day moving average price of $247.93 and a 200-day moving average price of $234.81. FTAI Aviation Ltd. has a 52-week low of $108.47 and a 52-week high of $323.51. The firm has a market capitalization of $26.96 billion, a price-to-earnings ratio of 52.14, a PEG ratio of 1.01 and a beta of 1.49. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business had revenue of $830.70 million for the quarter. During the same period last year, the firm earned $0.87 EPS. The business’s revenue was up 65.4% on a year-over-year basis. Equities research analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is 31.75%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently added to or reduced their stakes in FTAI. AQR Capital Management LLC purchased a new stake in FTAI Aviation during the 1st quarter valued at $242,000. Cetera Investment Advisers grew its position in shares of 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 acquiring an additional 2,368 shares during the period. Invesco Ltd. grew its position in shares of FTAI Aviation by 23.8% during the 2nd quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock valued at $48,015,000 after acquiring an additional 80,341 shares during the period. Amundi grew its position in shares of FTAI Aviation by 16,560.0% during the 2nd quarter. Amundi now owns 2,499 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 2,484 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of FTAI Aviation during the 2nd quarter valued at $2,736,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on FTAI. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Jefferies Financial Group reissued a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a research report on Sunday, May 3rd. Morgan Stanley reissued an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Barclays raised their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Citizens Jmp raised their price target on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research report on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.88.

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.