Key Points
- Director Martin Tuchman sold a total of 254,260 shares of FTAI across May 1 and May 4 for roughly $61.5 million, leaving him with 236,302 shares—about a 37.8% reduction in his ownership stake.
- FTAI reported Q1 EPS of $1.29 (missing the $1.61 estimate) on revenue of $830.7 million (up 65.4% YoY), announced a $0.45 dividend (ex-dividend May 13, payable May 26), and carries a consensus "Buy" rating with an average price target of $323.63.
FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction on Friday, May 1st. The stock was sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the sale, the director directly owned 236,302 shares of the company's stock, valued at $57,289,056.88. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Martin Tuchman also recently made the following trade(s):
- On Monday, May 4th, Martin Tuchman sold 67,500 shares of FTAI Aviation stock. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00.
- On Monday, May 4th, Martin Tuchman sold 43,176 shares of FTAI Aviation stock. The stock was sold at an average price of $240.64, for a total value of $10,389,872.64.
FTAI Aviation Stock Up 1.8%
Shares of NASDAQ FTAI opened at $244.37 on Wednesday. The company has a market cap of $25.07 billion, a price-to-earnings ratio of 48.49, a PEG ratio of 0.91 and a beta of 1.49. The firm's fifty day moving average is $253.76 and its 200 day moving average is $224.83. The company has a quick ratio of 2.30, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a 52 week low of $97.50 and a 52 week high of $323.51.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The company had revenue of $830.70 million during the quarter. During the same quarter in the prior year, the business posted $0.87 EPS. The firm's quarterly revenue was up 65.4% compared to the same quarter last year. On average, equities research analysts expect that FTAI Aviation Ltd. will post 7.21 earnings per share for the current year.
FTAI Aviation Announces Dividend
The company also recently announced a dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. FTAI Aviation's payout ratio is 31.75%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on FTAI shares. Zacks Research upgraded FTAI Aviation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 22nd. Jefferies Financial Group restated a "buy" rating and set a $400.00 price objective on shares of FTAI Aviation in a research report on Sunday. Weiss Ratings cut shares of FTAI Aviation from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 29th. BTIG Research increased their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a "buy" rating in a report on Friday, March 13th. Finally, Royal Bank Of Canada lifted their price target on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $323.63.
Check Out Our Latest Analysis on FTAI Aviation
Institutional Investors Weigh In On FTAI Aviation
Several institutional investors have recently bought and sold shares of the company. SJS Investment Consulting Inc. grew its stake in shares of FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider's stock worth $26,000 after acquiring an additional 59 shares during the last quarter. Mather Group LLC. purchased a new position in shares of FTAI Aviation in the third quarter worth about $28,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of FTAI Aviation in the fourth quarter worth about $30,000. Root Financial Partners LLC lifted its holdings in shares of FTAI Aviation by 40.9% during the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider's stock worth $38,000 after purchasing an additional 45 shares during the period. Finally, Greenline Wealth Management LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth about $50,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.
About FTAI Aviation
(
Get Free Report)
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.
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