FTAI Aviation (NASDAQ:FTAI) Trading Down 5.3% - Time to Sell?

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) shares traded down 5.3% during mid-day trading on Wednesday . The company traded as low as $127.70 and last traded at $127.90. 739,234 shares changed hands during trading, a decline of 69% from the average session volume of 2,388,383 shares. The stock had previously closed at $135.05.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FTAI shares. Royal Bank Of Canada reduced their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Morgan Stanley dropped their price target on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Trading Down 2.8%

The firm has a market capitalization of $12.16 billion, a PE ratio of 564.76 and a beta of 1.66. The firm's fifty day moving average price is $115.50 and its 200 day moving average price is $117.01.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a return on equity of 438.32% and a net margin of 3.74%. FTAI Aviation's quarterly revenue was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS. On average, analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.01%. FTAI Aviation's dividend payout ratio (DPR) is currently 571.43%.

Insiders Place Their Bets

In related news, COO David Moreno purchased 6,580 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was acquired at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the transaction, the chief operating officer now directly owns 231,623 shares of the company's stock, valued at approximately $21,969,441.55. This trade represents a 2.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stacy Kuperus acquired 1,087 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the transaction, the insider now directly owns 88,423 shares of the company's stock, valued at $8,214,496.70. This trade represents a 1.24% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 10,667 shares of company stock worth $1,008,715. Corporate insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors have recently modified their holdings of FTAI. Truist Financial Corp grew its stake in shares of FTAI Aviation by 156.4% in the fourth quarter. Truist Financial Corp now owns 7,005 shares of the financial services provider's stock valued at $1,009,000 after buying an additional 4,273 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in FTAI Aviation during the 4th quarter worth approximately $205,000. Los Angeles Capital Management LLC grew its stake in FTAI Aviation by 87.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 15,961 shares of the financial services provider's stock worth $2,299,000 after buying an additional 7,452 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in FTAI Aviation during the 4th quarter worth approximately $2,303,000. Finally, Private Trust Co. NA increased its position in FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 168 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

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.