Key Points
- Director Judith Hannaway sold 255 shares of FTAI Aviation at an average price of $253.89, totaling $64,741.95. After the sale, she still owned 3,012 shares, reducing her position by 7.81%.
- FTAI Aviation shares were down 0.9% and opened Friday at $260.34, with the company carrying a $26.71 billion market cap. The stock has traded between $108.47 and $323.51 over the past 52 weeks.
- Analysts remain mostly positive on FTAI, with 10 Buy ratings and 1 Hold rating, and a consensus price target of $326.88. Recent reports included upgrades from Barclays and BTIG, though Zacks downgraded the stock to Hold.
FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) Director Judith Hannaway sold 255 shares of FTAI Aviation stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
FTAI Aviation Stock Down 0.9%
Shares of NASDAQ:FTAI opened at $260.34 on Friday. The company has a market cap of $26.71 billion, a price-to-earnings ratio of 51.65, a PEG ratio of 1.06 and a beta of 1.49. The firm's 50-day simple moving average is $248.32 and its 200-day simple moving average is $234.99. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a fifty-two week low of $108.47 and a fifty-two week high of $323.51.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts' consensus estimates of $1.61 by ($0.32). The company had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company's quarterly revenue was up 65.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.
FTAI Aviation Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation's payout ratio is currently 31.75%.
Analysts Set New Price Targets
A number of analysts recently commented on FTAI shares. Barclays boosted their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. BTIG Research boosted their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, March 13th. Weiss Ratings downgraded shares of FTAI Aviation from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday. Jefferies Financial Group reissued a "buy" rating and set a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Zacks Research downgraded shares of FTAI Aviation from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $326.88.
Check Out Our Latest Research Report on FTAI Aviation
Hedge Funds Weigh In On FTAI Aviation
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTAI. Root Financial Partners LLC raised its holdings in FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 45 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of FTAI Aviation by 1.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider's stock worth $877,000 after purchasing an additional 52 shares during the period. MetLife Investment Management LLC raised its holdings in shares of FTAI Aviation by 0.9% during the fourth quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider's stock worth $1,295,000 after purchasing an additional 57 shares during the period. SJS Investment Consulting Inc. raised its holdings 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 purchasing an additional 59 shares during the period. Finally, Compound Planning Inc. raised its holdings in shares of FTAI Aviation by 2.7% during the first quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider's stock worth $560,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 88.96% of the company's stock.
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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