FTAI Aviation (NASDAQ:FTAI) Shares Up 9.1% – Still a Buy?

FTAI Aviation Ltd. (NASDAQ:FTAI)’s stock price rose 9.1% during trading on Tuesday . The stock traded as high as $189.99 and last traded at $188.58. Approximately 369,407 shares changed hands during trading, a decline of 80% from the average daily volume of 1,824,583 shares. The stock had previously closed at $172.83.

Analyst Ratings Changes

FTAI has been the topic of a number of recent research reports. BTIG Research reiterated a “buy” rating and set a $230.00 price target on shares of FTAI Aviation in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FTAI Aviation in a research report on Monday, December 15th. Jones Trading started coverage on shares of FTAI Aviation in a report on Friday, October 10th. They set a “buy” rating and a $306.00 price objective on the stock. Wall Street Zen lowered shares of FTAI Aviation from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Barclays lifted their price target on FTAI Aviation from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $203.63.

FTAI Aviation Price Performance

The firm’s fifty day moving average is $169.35 and its two-hundred day moving average is $153.04. The firm has a market capitalization of $20.46 billion, a PE ratio of 45.55 and a beta of 1.56.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). The firm had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.FTAI Aviation’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 annualized dividend and a yield of 0.7%. FTAI Aviation’s payout ratio is currently 31.96%.

Insider Activity

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was purchased at an average cost of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer directly owned 4,354 shares in the company, valued at $670,037.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new stake in shares of FTAI Aviation during the 3rd quarter worth approximately $28,000. Parallel Advisors LLC grew its holdings in FTAI Aviation by 78.5% during the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 135 shares during the period. Global Retirement Partners LLC increased its position in FTAI Aviation by 880.0% in the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after buying an additional 308 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of FTAI Aviation in the second quarter valued at $60,000. Finally, Assetmark Inc. lifted its position in shares of FTAI Aviation by 15.8% during the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after buying an additional 87 shares during the last quarter. Institutional investors 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.