FTAI Aviation (NASDAQ:FTAI) Research Coverage Started at Citizens Jmp

Citizens Jmp assumed coverage on shares of FTAI Aviation (NASDAQ:FTAI) in a research report released on Wednesday morning, MarketBeat reports. The brokerage issued a market outperform rating and a $375.00 target price on the financial services provider’s stock.

Several other brokerages have also recently weighed in on FTAI. Morgan Stanley reiterated an “overweight” rating and issued a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings cut shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a research report on Sunday, May 3rd. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $333.12.

FTAI Aviation Stock Up 1.8%

FTAI stock opened at $207.46 on Wednesday. FTAI Aviation has a fifty-two week low of $109.90 and a fifty-two week high of $323.51. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The stock has a market capitalization of $21.28 billion, a price-to-earnings ratio of 41.16, a PEG ratio of 0.82 and a beta of 1.46. The business’s fifty day moving average price is $247.00 and its two-hundred day moving average price is $253.82.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business had revenue of $830.70 million during the quarter. During the same period in the previous year, the firm posted $0.87 earnings per share. The business’s revenue for the quarter was up 65.4% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were paid a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.75%.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, 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 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. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Martin Tuchman sold 67,500 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the transaction, the director directly owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 254,515 shares of company stock valued at $61,599,445. 1.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SJS Investment Consulting Inc. lifted its stake in FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of FTAI Aviation by 142.2% during the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after buying an additional 64 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of FTAI Aviation in the 4th quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of FTAI Aviation in the 2nd quarter valued at $37,000. Finally, Root Financial Partners LLC boosted its holdings in shares of FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 45 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

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.