StockNews.com Upgrades FTAI Aviation (NYSE:FTAI) to “Hold”

StockNews.com upgraded shares of FTAI Aviation (NYSE:FTAI) from a sell rating to a hold rating in a research report report published on Tuesday.

A number of other equities analysts have also recently commented on the stock. Benchmark lifted their price objective on shares of FTAI Aviation from $45.00 to $100.00 and gave the stock a buy rating in a research report on Friday, March 15th. Stifel Nicolaus reissued a hold rating and issued a $59.00 target price (up previously from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Morgan Stanley boosted their target price on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an overweight rating in a research report on Tuesday, February 27th. Finally, Barclays upped their price objective on shares of FTAI Aviation from $52.00 to $62.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of Moderate Buy and a consensus price target of $52.45.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $67.30 on Tuesday. The company’s 50 day simple moving average is $57.04 and its 200 day simple moving average is $46.24. FTAI Aviation has a fifty-two week low of $24.44 and a fifty-two week high of $68.12. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 32.05 and a beta of 1.89.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.72. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. The company had revenue of $312.74 million for the quarter, compared to the consensus estimate of $310.04 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. As a group, analysts predict that FTAI Aviation will post 2.43 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, March 7th. FTAI Aviation’s dividend payout ratio is presently 57.14%.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently modified their holdings of FTAI. Kapitalo Investimentos Ltda bought a new stake in FTAI Aviation during the 4th quarter valued at $109,000. Vanguard Group Inc. grew its stake in shares of FTAI Aviation by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 8,507,122 shares of the financial services provider’s stock worth $394,730,000 after acquiring an additional 84,611 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of FTAI Aviation by 159.1% in the 4th quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock worth $40,836,000 after acquiring an additional 540,379 shares in the last quarter. Tucker Asset Management LLC boosted its holdings in shares of FTAI Aviation by 726.5% in the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after buying an additional 1,453 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of FTAI Aviation in the 4th quarter worth about $631,000. 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.