FTAI Aviation (NYSE:FTAI) Shares Down 4.5% - What's Next?

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) dropped 4.5% on Tuesday . The company traded as low as $118.85 and last traded at $119.09. Approximately 360,355 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 1,772,593 shares. The stock had previously closed at $124.73.

Analyst Upgrades and Downgrades

FTAI has been the subject of several recent research reports. Morgan Stanley decreased their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price for the company in a report on Friday, May 2nd. Royal Bank of Canada cut their target price on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Trading Up 0.0%

The firm has a market cap of $12.69 billion, a P/E ratio of -1,237.58 and a beta of 1.66. The business's fifty day moving average price is $109.04 and its two-hundred day moving average price is $119.69.

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

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued 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 dividend yield of 0.97%. FTAI Aviation's payout ratio is 571.43%.

Insider Activity

In other FTAI Aviation 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 cost of $92.90 per share, with a total value of $100,982.30. Following the purchase, the insider now directly owns 88,423 shares of the company's stock, valued at $8,214,496.70. The trade was a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO David Moreno purchased 6,580 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the purchase, the chief operating officer now owns 231,623 shares in the company, valued at $21,969,441.55. The trade was a 2.92% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 10,667 shares of company stock worth $1,008,715. Company insiders own 1.30% of the company's stock.

Institutional Trading of FTAI Aviation

Several large investors have recently modified their holdings of FTAI. Versant Capital Management Inc raised its position in FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 181 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of FTAI Aviation during the fourth quarter worth approximately $26,000. Transce3nd LLC bought a new stake in shares of FTAI Aviation during the fourth quarter worth about $29,000. Virtus Advisers LLC purchased a new stake in shares of FTAI Aviation in the first quarter valued at about $29,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in FTAI Aviation in the 4th quarter valued at about $30,000. 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.