FTAI Aviation (NYSE:FTAI) Trading Up 7.6% – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI) shot up 7.6% during trading on Wednesday . The company traded as high as $89.49 and last traded at $90.13. 4,249,280 shares changed hands during trading, a decline of 24% from the average session volume of 5,593,800 shares. The stock had previously closed at $83.79.

Analyst Ratings Changes

FTAI has been the topic of several analyst reports. Citigroup lifted their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. BTIG Research raised their price objective on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Jefferies Financial Group upped their target price on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Benchmark increased their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Trading Down 10.4 %

The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of -909.71 and a beta of 2.09. The business has a 50-day moving average price of $144.02 and a two-hundred day moving average price of $131.91.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business’s revenue was up 60.0% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. On average, equities research analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.32%. FTAI Aviation’s payout ratio is currently -1,199.88%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation during the third quarter worth about $26,000. Anchor Investment Management LLC bought a new position in shares of FTAI Aviation during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC raised its holdings in shares of FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares in the last quarter. USA Financial Formulas acquired a new stake in FTAI Aviation during the fourth quarter valued at approximately $93,000. Finally, Raymond James Trust N.A. bought a new stake in FTAI Aviation during the third quarter worth approximately $200,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.