FTAI Aviation (NASDAQ:FTAI) Director Martin Tuchman Sells 67,500 Shares

Key Points

• Martin Tuchman, a director of FTAI Aviation, sold multiple large blocks of stock in early May — including 67,500 shares on May 4 and 143,584 shares on May 1 — cutting his ownership by 24.28% and generating roughly $61.5 million in proceeds.
• FTAI's shares traded up 1.8% to $244.37 amid the sales; the company reported Q1 EPS of $1.29 (missing estimates) with revenue up 65.4% year‑over‑year and announced a $0.45 per share dividend payable May 26.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) Director Martin Tuchman sold 67,500 shares of the company's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the sale, the director owned 210,491 shares in the company, valued at approximately $50,936,717.09. This represents a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Martin Tuchman also recently made the following trade(s):

• On Monday, May 4th, Martin Tuchman sold 43,176 shares of FTAI Aviation stock. The shares were sold at an average price of $240.64, for a total value of $10,389,872.64.
• On Friday, May 1st, Martin Tuchman sold 143,584 shares of FTAI Aviation stock. The shares were sold at an average price of $242.44, for a total value of $34,810,504.96.

FTAI Aviation Stock Up 1.8%

FTAI stock traded up $4.36 during trading hours on Tuesday, reaching $244.37. 1,281,080 shares of the stock were exchanged, compared to its average volume of 1,738,213. The firm's 50-day moving average is $254.67 and its 200-day moving average is $224.33. FTAI Aviation Ltd. has a 12 month low of $97.50 and a 12 month high of $323.51. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. The company has a market cap of $25.07 billion, a price-to-earnings ratio of 48.49, a PEG ratio of 0.91 and a beta of 1.49.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 214.24%. The firm had revenue of $830.70 million during the quarter. During the same period in the prior year, the business earned $0.87 EPS. The business's revenue was up 65.4% compared to the same quarter last year. On average, equities research analysts expect that FTAI Aviation Ltd. will post 7.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, May 13th. FTAI Aviation's dividend payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

FTAI has been the topic of a number of recent research reports. Weiss Ratings lowered shares of FTAI Aviation from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 29th. BTIG Research boosted their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, March 13th. Morgan Stanley raised their price target on FTAI Aviation from $266.00 to $293.00 and gave the stock an "overweight" rating in a report on Tuesday, March 24th. Citigroup reiterated an "outperform" rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $400.00 price target on shares of FTAI Aviation in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, FTAI Aviation currently has an average rating of "Buy" and an average price target of $323.63.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC purchased a new stake in FTAI Aviation in the first quarter valued at about $242,000. Cetera Investment Advisers lifted its stake in FTAI Aviation by 73.3% during the 2nd quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider's stock valued at $644,000 after acquiring an additional 2,368 shares during the period. Invesco Ltd. lifted its stake in FTAI Aviation by 23.8% during the 2nd quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider's stock valued at $48,015,000 after acquiring an additional 80,341 shares during the period. Amundi lifted its stake in shares of FTAI Aviation by 16,560.0% in the 2nd quarter. Amundi now owns 2,499 shares of the financial services provider's stock valued at $283,000 after purchasing an additional 2,484 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of FTAI Aviation in the 2nd quarter valued at $2,736,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

About FTAI Aviation

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.

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