FTAI Aviation Ltd. (NYSE:FTAI) Receives Consensus Recommendation of "Buy" from Brokerages

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) has received an average rating of "Buy" from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Twelve equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $171.83.

Several research firms recently commented on FTAI. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price on the stock in a report on Friday, May 2nd. Wall Street Zen raised FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Morgan Stanley dropped their target price on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Finally, Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th.

Insider Buying and Selling

In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the stock in a transaction on Friday, May 2nd. The shares were bought at an average price of $94.54 per share, with a total value of $283,620.00. Following the acquisition, the chief executive officer now owns 341,852 shares of the company's stock, valued at $32,318,688.08. This trade represents a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stacy Kuperus acquired 1,087 shares of the stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the acquisition, the insider now directly owns 88,423 shares in the company, valued at $8,214,496.70. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 10,667 shares of company stock valued at $1,008,715 over the last quarter. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors have recently added to or reduced their stakes in the business. Capital International Investors lifted its position in shares of FTAI Aviation by 39.7% during the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after acquiring an additional 3,034,838 shares during the period. Vanguard Group Inc. raised its position in shares of FTAI Aviation by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock worth $1,519,325,000 after purchasing an additional 184,730 shares during the last quarter. Wellington Management Group LLP raised its position in shares of FTAI Aviation by 159.6% during the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock worth $260,658,000 after purchasing an additional 1,443,440 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of FTAI Aviation by 8.0% during the 4th quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock worth $298,137,000 after purchasing an additional 153,909 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of FTAI Aviation by 24.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock worth $188,030,000 after purchasing an additional 256,800 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Trading Up 4.6%

NYSE:FTAI traded up $5.68 during trading hours on Thursday, hitting $129.17. The company's stock had a trading volume of 1,045,957 shares, compared to its average volume of 1,780,608. The stock has a market capitalization of $13.25 billion, a P/E ratio of -1,291.57 and a beta of 1.66. The stock has a fifty day moving average of $107.22 and a 200-day moving average of $120.33. FTAI Aviation has a 52-week low of $75.06 and a 52-week high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm's quarterly revenue was up 53.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. On average, sell-side analysts forecast that FTAI Aviation will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, May 16th. FTAI Aviation's dividend payout ratio is currently 571.43%.

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.