FTAI Aviation (NYSE:FTAI) Shares Gap Up Following Insider Buying Activity

Shares of FTAI Aviation Ltd. (NYSE:FTAI) gapped up before the market opened on Friday following insider buying activity. The stock had previously closed at $86.90, but opened at $93.50. FTAI Aviation shares last traded at $94.72, with a volume of 626,905 shares.

Specifically, CEO Joseph P. Jr. Adams bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the acquisition, the chief executive officer now directly owns 341,852 shares of the company’s stock, valued at $32,318,688.08. The trade was a 0.89 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO David Moreno purchased 6,580 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the completion of the acquisition, the chief operating officer now directly owns 231,623 shares of the company’s stock, valued at approximately $21,969,441.55. This trade represents a 2.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Wednesday, April 23rd. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Friday, January 10th. Morgan Stanley dropped their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a report on Friday. Finally, Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.83.

FTAI Aviation Stock Up 3.5 %

The company has a market cap of $9.22 billion, a price-to-earnings ratio of -899.41 and a beta of 1.79. The company’s fifty day moving average price is $105.00 and its two-hundred day moving average price is $126.67.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. Research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.33%. FTAI Aviation’s dividend payout ratio is currently -342.86%.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc increased its stake in shares of FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 181 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth about $26,000. Transce3nd LLC bought a new position in shares of FTAI Aviation during the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda bought a new position in shares of FTAI Aviation during the 4th quarter valued at about $30,000. Finally, Anchor Investment Management LLC bought a new stake in FTAI Aviation during the 3rd quarter worth approximately $31,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

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.