FTAI Aviation (NYSE:FTAI) Trading Up 6.7% After Insider Buying Activity

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) shot up 6.7% during trading on Monday following insider buying activity. The company traded as high as $96.00 and last traded at $96.02. 398,807 shares changed hands during trading, a decline of 77% from the average session volume of 1,738,558 shares. The stock had previously closed at $89.95.

Specifically, insider Stacy Kuperus acquired 1,087 shares of the business's stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the acquisition, the insider now owns 88,423 shares of the company's stock, valued at approximately $8,214,496.70. This represents a 1.24 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joseph P. Jr. Adams purchased 3,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average cost of $94.54 per share, with a total value of $283,620.00. Following the acquisition, the chief executive officer now owns 341,852 shares in the company, valued at $32,318,688.08. This represents a 0.89 % increase in their position. The disclosure for this purchase can be found here. In other FTAI Aviation news, COO David Moreno bought 6,580 shares of FTAI Aviation 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 represents a 2.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered 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. Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a report on Friday, January 10th. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price for the company in a research note on Friday, May 2nd. 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. Finally, StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $167.83.

FTAI Aviation Stock Up 1.8 %

The company has a market cap of $11.28 billion, a price-to-earnings ratio of -1,099.77 and a beta of 1.64. The company has a fifty day simple moving average of $103.39 and a two-hundred day simple moving average of $125.87.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its 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 206.25% and a net margin of 1.59%. During the same quarter last year, the firm posted $0.31 EPS. FTAI Aviation's revenue was up 53.7% on a year-over-year basis. On average, research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, May 16th. FTAI Aviation's payout ratio is 571.43%.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors have recently bought and sold shares of FTAI. Mackenzie Financial Corp lifted its position in FTAI Aviation by 94.2% during the first quarter. Mackenzie Financial Corp now owns 19,745 shares of the financial services provider's stock valued at $2,192,000 after buying an additional 9,578 shares in the last quarter. TD Asset Management Inc grew its holdings in FTAI Aviation by 32.5% during the 1st quarter. TD Asset Management Inc now owns 32,464 shares of the financial services provider's stock worth $3,604,000 after acquiring an additional 7,972 shares in the last quarter. Zweig DiMenna Associates LLC raised its stake in FTAI Aviation by 58.7% during the first quarter. Zweig DiMenna Associates LLC now owns 138,200 shares of the financial services provider's stock valued at $15,344,000 after buying an additional 51,140 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in FTAI Aviation by 25.0% during the first quarter. Avantax Advisory Services Inc. now owns 1,875 shares of the financial services provider's stock worth $208,000 after purchasing an additional 375 shares during the last quarter. Finally, Royce & Associates LP raised its stake in FTAI Aviation by 97.9% during the first quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider's stock worth $45,661,000 after acquiring an additional 203,447 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.