FTAI Aviation Sees Unusually High Options Volume (NYSE:FTAI)

FTAI Aviation Ltd. (NYSE:FTAI) was the target of unusually large options trading on Wednesday. Traders acquired 6,084 call options on the company. This is an increase of 199% compared to the typical daily volume of 2,035 call options.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. grew its holdings in shares of FTAI Aviation by 1.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 39,944 shares of the financial services provider’s stock valued at $2,688,000 after acquiring an additional 718 shares in the last quarter. Raymond James & Associates grew its holdings in shares of FTAI Aviation by 16.9% in the first quarter. Raymond James & Associates now owns 97,896 shares of the financial services provider’s stock valued at $6,588,000 after acquiring an additional 14,159 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC bought a new position in shares of FTAI Aviation in the first quarter valued at approximately $206,000. Allspring Global Investments Holdings LLC grew its holdings in shares of FTAI Aviation by 10.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,942 shares of the financial services provider’s stock valued at $1,342,000 after acquiring an additional 1,958 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC bought a new position in shares of FTAI Aviation in the first quarter valued at approximately $236,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

Shares of FTAI opened at $73.45 on Thursday. The stock has a 50 day moving average price of $62.79 and a two-hundred day moving average price of $50.65. The firm has a market capitalization of $7.36 billion, a P/E ratio of 34.98 and a beta of 1.90. FTAI Aviation has a 52 week low of $26.58 and a 52 week high of $74.44.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.72. The firm had revenue of $312.74 million during the quarter, compared to analyst estimates of $310.04 million. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 EPS. On average, equities analysts forecast that FTAI Aviation will post 2.43 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 8th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Thursday, March 7th. FTAI Aviation’s dividend payout ratio is presently 57.14%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com downgraded FTAI Aviation from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Morgan Stanley upped their price target on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Barclays upped their price target on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Stifel Nicolaus reissued a “hold” rating and set a $59.00 price objective (up from $40.00) on shares of FTAI Aviation in a report on Monday, February 26th. Finally, Benchmark boosted their price objective on FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.25.

About FTAI Aviation

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.