Key Points
- COO David Moreno purchased 4,354 shares of FTAI Aviation on November 13 at an average price of $153.89, a transaction valued at about $670,037 (filed with the SEC).
- FTAI reported Q3 EPS of $1.10 (missed the $1.19 estimate) with revenue of $667.06M, up 43.2% year-over-year, and posted a high return on equity (370.51%) and a 20.82% net margin.
- The company declared a quarterly dividend of $0.35 (annualized $1.40, yield 0.9%, ex-dividend Nov 10) and holds a consensus analyst rating of "Moderate Buy" with an average target of $201.11.
FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) COO David Moreno purchased 4,354 shares of the business's stock in a transaction on 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 acquisition, the chief operating officer owned 4,354 shares in the company, valued at approximately $670,037.06. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
David Moreno also recently made the following trade(s):
- On Thursday, November 13th, David Moreno acquired 2,283 shares of FTAI Aviation stock. The shares were purchased at an average cost of $153.50 per share, for a total transaction of $350,440.50.
FTAI Aviation Trading Down 0.4%
FTAI opened at $153.00 on Friday. The stock has a market cap of $15.69 billion, a PE ratio of 34.93 and a beta of 1.67. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $194.36. The stock's 50 day simple moving average is $170.29 and its 200-day simple moving average is $140.37.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued 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). FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The firm had revenue of $667.06 million during the quarter, compared to the consensus estimate of $662.51 million. During the same period last year, the business earned $0.76 earnings per share. The firm's revenue for the quarter was up 43.2% compared to the same quarter last year. Equities analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.
FTAI Aviation Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 10th. FTAI Aviation's dividend payout ratio (DPR) is presently 31.96%.
Hedge Funds Weigh In On FTAI Aviation
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of FTAI Aviation during the third quarter worth approximately $28,000. Virtus Advisers LLC acquired a new position in shares of FTAI Aviation in the 1st quarter worth approximately $29,000. Parallel Advisors LLC grew its position in FTAI Aviation by 78.5% during the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in FTAI Aviation during the 1st quarter valued at $53,000. Finally, Global Retirement Partners LLC raised its position in FTAI Aviation by 880.0% in the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 308 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on FTAI. Jones Trading started coverage on shares of FTAI Aviation in a research report on Friday, October 10th. They set a "buy" rating and a $306.00 target price on the stock. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. JMP Securities lifted their price objective on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Barclays increased their target price on FTAI Aviation from $195.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, October 28th. Finally, Wall Street Zen downgraded FTAI Aviation from a "buy" rating to a "hold" rating in a research report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $201.11.
Check Out Our Latest Report on FTAI Aviation
FTAI Aviation Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
