FTAI Aviation (NASDAQ:FTAI) COO David Moreno Buys 4,354 Shares

FTAI Aviation Ltd. (NASDAQ:FTAI) COO David Moreno acquired 4,354 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the transaction, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at $670,037.06. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

David Moreno also recently made the following trade(s):

• On Thursday, November 13th, David Moreno bought 2,283 shares of FTAI Aviation stock. The shares were bought at an average cost of $153.50 per share, with a total value of $350,440.50.

FTAI Aviation Stock Down 0.4%

FTAI Aviation stock opened at $153.00 on Friday. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $194.36. The stock has a market cap of $15.69 billion, a P/E ratio of 34.93 and a beta of 1.67. The company’s fifty day simple moving average is $170.29 and its 200-day simple moving average is $140.37.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The firm had revenue of $667.06 million for the quarter, compared to analyst estimates of $662.51 million. During the same period in the previous year, the business posted $0.76 EPS. FTAI Aviation’s revenue for the quarter was up 43.2% on a year-over-year basis. On average, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.96%.

Hedge Funds Weigh In On FTAI Aviation

Several large investors have recently made changes to their positions in FTAI. Capital International Investors grew its holdings in FTAI Aviation by 0.7% in the 3rd quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock valued at $2,318,615,000 after buying an additional 94,383 shares during the last quarter. Capital World Investors boosted its position in shares of FTAI Aviation by 17.3% in 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 acquiring an additional 933,944 shares during the period. Rubric Capital Management LP boosted its position in shares of FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after acquiring an additional 749,080 shares during the period. Ensign Peak Advisors Inc grew its stake in shares of FTAI Aviation by 67.4% in the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after acquiring an additional 1,238,294 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in FTAI Aviation by 159.6% during the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock worth $260,658,000 after acquiring an additional 1,443,440 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank Of Canada boosted their target price on shares of FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Morgan Stanley increased their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Weiss Ratings lowered FTAI Aviation from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, November 7th. Finally, BTIG Research reiterated a “buy” rating and set a $230.00 price target on shares of FTAI Aviation in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average price target of $201.11.

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.