FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) President David Moreno acquired 2,475 shares of FTAI Aviation stock in a transaction on Friday, July 31st. The shares were bought at an average price of $201.27 per share, with a total value of $498,143.25. Following the purchase, the president directly owned 199,490 shares in the company, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
FTAI Aviation Stock Performance
Shares of FTAI stock opened at $225.15 on Tuesday. FTAI Aviation Ltd. has a 52-week low of $134.49 and a 52-week high of $323.51. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The stock has a market cap of $23.10 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 0.83 and a beta of 1.51. The business has a 50-day simple moving average of $238.25 and a 200-day simple moving average of $253.18.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its 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 company had revenue of $953.09 million for the quarter. FTAI Aviation had a return on equity of 146.23% and a net margin of 15.94%.The firm's revenue for the quarter was up 40.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 earnings per share. On average, equities analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current year.
FTAI Aviation Dividend Announcement
The company also recently announced a dividend, which will be paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, August 12th. FTAI Aviation's payout ratio is 34.78%.
Institutional Investors Weigh In On FTAI Aviation
A number of institutional investors have recently added to or reduced their stakes in FTAI. Capital World Investors increased its stake in FTAI Aviation by 41.1% during the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider's stock worth $1,755,290,000 after buying an additional 2,596,265 shares in the last quarter. Norges Bank purchased a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $262,393,000. Northern Right Capital Management L.P. lifted its position in shares of FTAI Aviation by 884.1% in the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider's stock valued at $101,888,000 after acquiring an additional 795,675 shares in the last quarter. Rubric Capital Management LP boosted its stake in shares of FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider's stock worth $390,455,000 after acquiring an additional 749,080 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in shares of FTAI Aviation by 249.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 617,802 shares of the financial services provider's stock worth $121,614,000 after acquiring an additional 440,767 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on FTAI. BTIG Research increased their price target on shares of FTAI Aviation from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on shares of FTAI Aviation in a report on Friday. Zacks Research downgraded shares of FTAI Aviation from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Weiss Ratings raised shares of FTAI Aviation from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 17th. Finally, Citizens Jmp initiated coverage on FTAI Aviation in a research report on Wednesday, July 15th. They set a "market outperform" rating and a $375.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $321.11.
Get Our Latest Research Report on FTAI
FTAI Aviation Company Profile
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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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