FTAI Aviation (NASDAQ:FTAI) Shares Down 7% – Time to Sell?

FTAI Aviation Ltd. (NASDAQ:FTAI)’s stock price was down 7% on Wednesday . The company traded as low as $210.64 and last traded at $211.55. Approximately 706,539 shares changed hands during trading, a decline of 54% from the average session volume of 1,524,142 shares. The stock had previously closed at $227.55.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BTIG Research increased their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Jefferies Financial Group reiterated a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a report on Sunday, May 3rd. Weiss Ratings lowered FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $326.88.

FTAI Aviation Stock Performance

The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The firm has a market capitalization of $21.65 billion, a P/E ratio of 41.88, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The company’s 50 day moving average is $252.39 and its 200-day moving average is $251.98.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share 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 company had revenue of $830.70 million for the quarter. During the same quarter in the prior year, the company earned $0.87 EPS. The company’s revenue for the quarter was up 65.4% on a year-over-year basis. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, May 13th. FTAI Aviation’s payout ratio is presently 31.75%.

Insider Buying and Selling

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the transaction, the director owned 236,302 shares in the company, valued at approximately $57,289,056.88. This represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. This trade represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is owned by company insiders.

Institutional Trading of FTAI Aviation

Several hedge funds have recently bought and sold shares of FTAI. Capital World Investors raised its holdings in FTAI Aviation by 41.1% during the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after buying an additional 2,596,265 shares during the last quarter. Norges Bank acquired a new position in shares of FTAI Aviation during the fourth quarter valued at about $262,393,000. Northern Right Capital Management L.P. increased its position in shares of FTAI Aviation by 884.1% during the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after acquiring an additional 795,675 shares in the last quarter. Rubric Capital Management LP increased its position in shares of FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after acquiring an additional 749,080 shares in the last quarter. Finally, Oaktree Capital Management LP acquired a new stake in shares of FTAI Aviation in the 3rd quarter worth about $97,642,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

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.