FTAI Aviation (NASDAQ:FTAI) Trading Down 5.3% - Should You Sell?

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FTAI. Morgan Stanley reduced their target price on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. JMP Securities cut their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research report on Thursday, May 8th. Royal Bank Of Canada reduced their price target on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, FTAI Aviation presently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

FTAI Aviation Price Performance

The business has a 50 day simple moving average of $114.41 and a 200 day simple moving average of $117.42. The stock has a market cap of $12.75 billion, a PE ratio of 592.14 and a beta of 1.66.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly 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 3.74% and a return on equity of 438.32%. The business's revenue was up 53.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. As a group, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Friday, May 16th. FTAI Aviation's payout ratio is presently 571.43%.

Insider Buying and Selling

In related news, insider Stacy Kuperus purchased 1,087 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the purchase, the insider now owns 88,423 shares in the company, valued at $8,214,496.70. The trade was a 1.24% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of FTAI Aviation stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the acquisition, the chief executive officer now owns 341,852 shares in the company, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 10,667 shares of company stock worth $1,008,715. Corporate insiders own 1.30% of the company's stock.

Institutional Trading of FTAI Aviation

Several hedge funds have recently added to or reduced their stakes in FTAI. Virtus Fund Advisers LLC acquired a new position in shares of FTAI Aviation during the fourth quarter worth approximately $26,000. Transce3nd LLC acquired a new position in FTAI Aviation during the 4th quarter valued at $29,000. Kapitalo Investimentos Ltda bought a new stake in FTAI Aviation in the 4th quarter valued at $30,000. Versant Capital Management Inc grew its position in FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after purchasing an additional 181 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after purchasing an additional 168 shares during the period. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Company Profile

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.