FTAI Aviation (NASDAQ:FTAI) Price Target Raised to $400.00 at BTIG Research

FTAI Aviation (NASDAQ:FTAI) had its target price hoisted by BTIG Research from $340.00 to $400.00 in a report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other research firms also recently commented on FTAI. Jefferies Financial Group reissued a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a research report on Sunday, May 3rd. Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Morgan Stanley reissued an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. Citizens Jmp assumed coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective on the stock. Finally, Zacks Research lowered 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $340.62.

FTAI Aviation Price Performance

NASDAQ FTAI opened at $222.49 on Wednesday. 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 capitalization of $22.82 billion, a PE ratio of 44.14, a price-to-earnings-growth ratio of 0.85 and a beta of 1.46. FTAI Aviation has a 12-month low of $109.90 and a 12-month high of $323.51. The company has a 50 day moving average price of $243.38 and a two-hundred day moving average price of $254.69.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). The business 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 firm’s revenue was up 65.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. As a group, equities analysts predict that FTAI Aviation will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is 31.75%.

Insiders Place Their Bets

In other news, Director Martin Tuchman sold 143,584 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the sale, the director directly owned 236,302 shares of the company’s stock, valued at approximately $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the transaction, the director owned 3,012 shares in the company, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 254,515 shares of company stock valued at $61,599,445. Company insiders own 1.35% of the company’s stock.

Institutional Trading of FTAI Aviation

Several hedge funds have recently added to or reduced their stakes in FTAI. Capital World Investors increased its position in FTAI Aviation by 41.1% in 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 during the period. Rubric Capital Management LP boosted its position in shares of FTAI Aviation by 10.1% in the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock valued at $728,345,000 after acquiring an additional 339,447 shares during the period. Westfield Capital Management Co. LP grew its stake in shares of FTAI Aviation by 10.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock worth $462,721,000 after acquiring an additional 220,384 shares during the last quarter. Geode Capital Management LLC increased its position in FTAI Aviation by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock worth $394,757,000 after acquiring an additional 71,271 shares during the period. Finally, State Street Corp raised its stake in FTAI Aviation by 1.2% during the 4th quarter. State Street Corp now owns 1,745,498 shares of the financial services provider’s stock valued at $343,601,000 after purchasing an additional 20,378 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

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.