FTAI Aviation (NYSE:FTAI) Shares Down 4.5% – Should You Sell?

FTAI Aviation Ltd. (NYSE:FTAI) was down 4.5% during trading on Tuesday . The company traded as low as $118.85 and last traded at $119.09. Approximately 360,355 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,772,593 shares. The stock had previously closed at $124.73.

Analysts Set New Price Targets

A number of analysts have recently commented on FTAI shares. Wall Street Zen upgraded FTAI Aviation to a “sell” rating in a research report on Wednesday, April 23rd. JMP Securities lowered their target price on shares of FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating on the stock in a report on Thursday, May 8th. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Royal Bank of Canada dropped their target price on shares of FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Finally, Citizens Jmp raised FTAI Aviation to a “strong-buy” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $171.83.

FTAI Aviation Trading Down 3.3%

The company has a market cap of $12.37 billion, a PE ratio of -1,205.08 and a beta of 1.66. The business has a 50 day simple moving average of $107.40 and a two-hundred day simple moving average of $119.99.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s revenue was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. On average, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were issued a $0.30 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 0.99%. FTAI Aviation’s dividend payout ratio is currently 571.43%.

Insider Activity at FTAI Aviation

In related news, COO David Moreno purchased 6,580 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average cost of $94.85 per share, with a total value of $624,113.00. Following the completion of the acquisition, the chief operating officer now directly owns 231,623 shares of the company’s stock, valued at approximately $21,969,441.55. The trade was a 2.92% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of $94.54 per share, with a total value of $283,620.00. Following the completion of the acquisition, the chief executive officer now owns 341,852 shares in the company, valued at $32,318,688.08. This represents a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 10,667 shares of company stock worth $1,008,715. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FTAI Aviation

Large investors have recently added to or reduced their stakes in the company. Amalgamated Bank grew its position in shares of FTAI Aviation by 3.5% during the 1st quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider’s stock valued at $391,000 after buying an additional 120 shares during the last quarter. Scotia Capital Inc. raised its stake in shares of FTAI Aviation by 0.5% during the first quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider’s stock valued at $2,823,000 after purchasing an additional 122 shares in the last quarter. AE Wealth Management LLC lifted its holdings in FTAI Aviation by 6.3% in the first quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 145 shares during the period. CIBC Asset Management Inc grew its position in FTAI Aviation by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock valued at $488,000 after buying an additional 147 shares in the last quarter. Finally, Private Trust Co. NA raised its position in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after buying an additional 168 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

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.