FTAI Aviation (NASDAQ:FTAI) Trading 8.6% Higher - Here's What Happened

Key Points

• FTAI Aviation shares jumped 8.6% to about $201.60 in Thursday trading, although volume was 38% below the average daily level.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $320.11, despite several recent target-price cuts and one downgrade to “Hold.”
• The company reported quarterly revenue growth of 40.9% year over year to $953.09 million but missed earnings expectations, posting $1.13 per share versus the $1.32 consensus estimate. FTAI also declared a quarterly dividend of $0.50, equivalent to a 1.0% annual yield.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report)'s share price was up 8.6% during mid-day trading on Thursday . The stock traded as high as $201.81 and last traded at $201.60. Approximately 944,598 shares were traded during trading, a decline of 38% from the average daily volume of 1,520,772 shares. The stock had previously closed at $185.61.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FTAI shares. BTIG Research dropped their target price on FTAI Aviation from $400.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Royal Bank Of Canada lowered their price objective on FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating for the company in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on FTAI Aviation in a report on Friday, July 31st. Jefferies Financial Group reissued a "buy" rating and set a $325.00 target price on shares of FTAI Aviation in a research report on Sunday, August 2nd. Finally, Weiss Ratings downgraded FTAI Aviation from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $320.11.

FTAI Aviation Trading Up 8.6%

The company has a 50 day simple moving average of $218.41 and a 200 day simple moving average of $242.94. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55. The stock has a market capitalization of $20.71 billion, a PE ratio of 43.83, a P/E/G ratio of 0.94 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm had revenue of $953.09 million during the quarter. During the same quarter last year, the firm posted $1.57 earnings per share. The firm's quarterly revenue was up 40.9% on a year-over-year basis. Analysts predict that FTAI Aviation Ltd. will post 5.48 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th were given a $0.50 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. FTAI Aviation's dividend payout ratio (DPR) is currently 43.48%.

Insider Transactions at FTAI Aviation

In related news, President David Moreno acquired 2,475 shares of the business's stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the transaction, the president directly owned 199,490 shares of the company's stock, valued at approximately $40,151,352.30. This trade represents a 1.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.35% of the company's stock.

Institutional Trading of FTAI Aviation

Hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in FTAI Aviation by 33,634.6% during the second quarter. California State Teachers Retirement System now owns 40,055,754 shares of the financial services provider's stock worth $10,836,283,000 after purchasing an additional 39,937,016 shares during the period. Capital World Investors increased its holdings in shares of FTAI Aviation by 41.1% during the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider's stock worth $1,755,290,000 after buying an additional 2,596,265 shares during the last quarter. Norges Bank acquired a new stake in shares of FTAI Aviation during the 4th quarter worth $262,393,000. Northern Right Capital Management L.P. raised its position in shares of FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider's stock worth $101,888,000 after buying an additional 795,675 shares during the period. Finally, Rubric Capital Management LP boosted its holdings in FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider's stock valued at $390,455,000 after acquiring an additional 749,080 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Company Profile

FTAI Aviation NASDAQ: FTAI is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company's portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.

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