FTAI Aviation (NASDAQ:FTAI) Trading 8.6% Higher – Should You Buy?

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) rose 8.6% on Thursday . The company traded as high as $201.81 and last traded at $201.60. Approximately 944,598 shares traded hands during trading, a decline of 38% from the average session volume of 1,520,772 shares. The stock had previously closed at $185.61.

Analyst Ratings Changes

FTAI has been the topic of several recent research reports. Jefferies Financial Group restated a “buy” rating and set a $325.00 target price on shares of FTAI Aviation in a report on Sunday, August 2nd. Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Citizens Jmp assumed coverage on FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective on the stock. Royal Bank Of Canada decreased their target price on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $320.11.

FTAI Aviation Price Performance

The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The company has a 50 day simple moving average of $218.41 and a 200-day simple moving average of $242.94. The stock has a market cap of $20.71 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 0.94 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.19). The business had revenue of $953.09 million during the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 earnings per share. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is currently 43.48%.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, President David Moreno purchased 2,475 shares of the stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the acquisition, the president owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. This trade represents a 1.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new stake in shares of FTAI Aviation during the 1st quarter worth about $242,000. Cetera Investment Advisers increased its stake in shares of FTAI Aviation by 73.3% during the second 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. increased its stake in shares of FTAI Aviation by 23.8% during the second 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 raised its holdings in FTAI Aviation by 16,560.0% during the second quarter. Amundi now owns 2,499 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 2,484 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in FTAI Aviation in the second quarter worth approximately $2,736,000. 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.