FTAI Aviation (NASDAQ:FTAI) Trading 7.4% Higher - Here's What Happened

Key Points

• FTAI Aviation shares increased by 7.4%, with a recent trading price of $165.45 after closing at $154.00.
• Analysts have a consensus "Buy" rating for FTAI Aviation, with a consensus price target set at $182.83.
• The company recently declared a quarterly dividend of $0.30, representing an annual yield of 0.7%.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report)'s stock price shot up 7.4% during mid-day trading on Monday . The company traded as high as $166.65 and last traded at $165.45. 912,654 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 2,194,345 shares. The stock had previously closed at $154.00.

Analyst Ratings Changes

A number of research firms have issued reports on FTAI. JMP Securities upped their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Morgan Stanley upped their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada upped their target price on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $182.83.

FTAI Aviation Trading Up 1.1%

The stock's 50 day moving average price is $136.58 and its 200 day moving average price is $120.30. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 42.49 and a beta of 1.65.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. During the same quarter in the prior year, the company posted ($2.26) EPS. The company's quarterly revenue was up 52.4% compared to the same quarter last year. On average, equities analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation's dividend payout ratio is currently 29.70%.

Institutional Trading of FTAI Aviation

Institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc increased its position in FTAI Aviation by 420.9% during 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 in the last quarter. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $26,000. Virtus Advisers LLC acquired a new stake in FTAI Aviation in the first quarter valued at approximately $29,000. Rakuten Securities Inc. purchased a new position in shares of FTAI Aviation during the 1st quarter valued at approximately $34,000. Finally, Parallel Advisors LLC boosted its stake in shares of FTAI Aviation by 78.5% during the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock valued at $35,000 after buying an additional 135 shares during the last quarter. Institutional investors and hedge funds 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.