Judith Hannaway Sells 255 Shares of FTAI Aviation (NASDAQ:FTAI) Stock

FTAI Aviation Ltd. (NASDAQ:FTAI) Director Judith Hannaway sold 255 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

FTAI Aviation Trading Down 0.9%

FTAI stock opened at $260.34 on Friday. FTAI Aviation Ltd. has a 1-year low of $108.47 and a 1-year 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 company has a market capitalization of $26.71 billion, a price-to-earnings ratio of 51.65, a PEG ratio of 1.05 and a beta of 1.49. The business has a 50 day simple moving average of $248.32 and a two-hundred day simple moving average of $234.99.

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

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is presently 31.75%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a research note on Sunday, May 3rd. Morgan Stanley reiterated an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a research report on Friday, May 8th. Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Weiss Ratings downgraded FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Barclays increased their target price on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $326.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC lifted its position in FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after buying an additional 45 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in FTAI Aviation by 1.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock worth $877,000 after buying an additional 52 shares during the last quarter. MetLife Investment Management LLC lifted its position in FTAI Aviation by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock worth $1,295,000 after buying an additional 57 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 59 shares during the last quarter. Finally, Compound Planning Inc. lifted its position in FTAI Aviation by 2.7% in the first quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock worth $560,000 after buying an additional 60 shares during the last quarter. 88.96% of the stock is currently 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.