FTAI Aviation (NYSE:FTAI) Shares Down 2%

FTAI Aviation Ltd. (NYSE:FTAI)’s share price traded down 2% during mid-day trading on Wednesday . The stock traded as low as $105.18 and last traded at $105.80. 146,106 shares were traded during mid-day trading, a decline of 85% from the average session volume of 944,015 shares. The stock had previously closed at $107.96.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Compass Point increased their target price on shares of FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Thursday, June 6th. Citigroup upped their price target on FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft upped their price target on FTAI Aviation from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Finally, JMP Securities upped their price target on FTAI Aviation from $66.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.50.

FTAI Aviation Trading Down 1.1 %

The stock has a market capitalization of $10.71 billion, a P/E ratio of 48.76 and a beta of 2.03. The business has a 50-day moving average price of $85.36 and a 200 day moving average price of $66.91.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The firm had revenue of $326.70 million for the quarter, compared to the consensus estimate of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 earnings per share. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 2.04 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. FTAI Aviation’s dividend payout ratio is currently 54.79%.

Insider Activity

In other news, CEO Joseph P. Jr. Adams bought 59,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was purchased at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the transaction, the chief executive officer now owns 197,382 shares of the company’s stock, valued at $16,185,324. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of FTAI Aviation

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in FTAI Aviation by 6.3% in the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after buying an additional 533,381 shares during the last quarter. Capital International Investors bought a new stake in FTAI Aviation in the first quarter worth $274,052,000. CIBC Private Wealth Group LLC lifted its position in FTAI Aviation by 90.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after buying an additional 1,359,302 shares during the last quarter. Ameriprise Financial Inc. lifted its position in FTAI Aviation by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 2,657,619 shares of the financial services provider’s stock worth $94,478,000 after buying an additional 31,815 shares during the last quarter. Finally, Norges Bank bought a new stake in FTAI Aviation in the fourth quarter worth $55,039,000. 88.96% of the stock is currently owned by institutional investors.

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.