FTAI Aviation Target of Unusually High Options Trading (NASDAQ:FTAI)

Key Points

• FTAI Aviation Ltd. experienced a significant surge in options trading, with 10,296 call options bought, marking a 92% increase over the usual volume of call options.
• Analysts have shown optimistic sentiment towards FTAI Aviation, as the stock received several upgrades and currently holds a consensus rating of "Moderate Buy" with an average target price of $171.83.
• Insiders have been actively purchasing shares, with COO David Moreno and CEO Joseph P. Jr. Adams acquiring significant amounts, indicating strong internal confidence in the company's prospects.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 10,296 call options on the stock. Thisrepresentsanincreaseofapproximately92% compared to the typical daily volume of 5,358 call options.

FTAI Aviation Stock Down 1.0%

NASDAQ:FTAI traded down $1.37 during mid-day trading on Friday, hitting $136.24. 585,515 shares of the stock traded hands, compared to its average volume of 2,379,555. FTAI Aviation has a 12-month low of $75.06 and a 12-month high of $181.64. The company has a market cap of $13.97 billion, a PE ratio of 33.72 and a beta of 1.62. The business's 50-day moving average price is $119.54 and its 200 day moving average price is $112.59.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 601.23%. The business had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. During the same period in the previous year, the business posted ($2.26) earnings per share. FTAI Aviation's revenue for the quarter was up 52.4% on a year-over-year basis. Analysts anticipate that FTAI Aviation 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 will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, August 12th. FTAI Aviation's payout ratio is presently 29.70%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently made changes to their positions in FTAI. Capital International Investors lifted its holdings in shares of FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after acquiring an additional 3,034,838 shares during the last quarter. Wellington Management Group LLP grew its position in shares of FTAI Aviation by 159.6% in the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock worth $260,658,000 after buying an additional 1,443,440 shares during the period. Empyrean Capital Partners LP purchased a new stake in shares of FTAI Aviation in the 1st quarter worth about $61,546,000. Shellback Capital LP bought a new position in FTAI Aviation in the 4th quarter worth about $76,510,000. Finally, Sessa Capital IM L.P. bought a new position in FTAI Aviation during the 1st quarter valued at about $44,412,000. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FTAI shares. Royal Bank Of Canada raised their price target on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research report on Thursday. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a research report on Friday, May 2nd. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Finally, JMP Securities decreased 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 report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $174.33.

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.