FTAI Aviation (NASDAQ:FTAI) Given “Buy” Rating at BTIG Research

BTIG Research reiterated their buy rating on shares of FTAI Aviation (NASDAQ:FTAI) in a research report released on Tuesday,Benzinga reports. BTIG Research currently has a $230.00 price target on the financial services provider’s stock.

A number of other analysts have also weighed in on the stock. Wall Street Zen lowered shares of FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “hold (c)” rating on shares of FTAI Aviation in a research report on Monday, December 15th. Zacks Research lowered shares of FTAI Aviation from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Royal Bank Of Canada increased their target price on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Jones Trading began coverage on FTAI Aviation in a report on Friday, October 10th. They issued a “buy” rating and a $306.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.63.

FTAI Aviation Trading Up 14.0%

FTAI Aviation stock opened at $197.05 on Tuesday. FTAI Aviation has a 12 month low of $75.06 and a 12 month high of $199.88. The company has a market capitalization of $20.21 billion, a price-to-earnings ratio of 44.99 and a beta of 1.56. The business’s fifty day simple moving average is $169.83 and its two-hundred day simple moving average is $153.55.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The company had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. FTAI Aviation’s revenue was up 43.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, equities research analysts predict that FTAI Aviation will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation’s payout ratio is currently 31.96%.

Insider Buying and Selling at FTAI Aviation

In other news, COO David Moreno purchased 4,354 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were purchased at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the purchase, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ensign Peak Advisors Inc grew its position in shares of FTAI Aviation by 67.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after acquiring an additional 1,238,294 shares during the period. Norges Bank bought a new position in FTAI Aviation in the 2nd quarter worth $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in FTAI Aviation by 1,678.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock valued at $131,208,000 after purchasing an additional 1,076,416 shares in the last quarter. Capital World Investors grew its holdings in FTAI Aviation by 17.3% during the third quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock valued at $1,054,649,000 after purchasing an additional 933,944 shares during the period. Finally, Northern Right Capital Management L.P. increased its position in 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 worth $101,888,000 after buying an additional 795,675 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.