FTAI Aviation (NYSE:FTAI) Sees Large Volume Increase – Should You Buy?

FTAI Aviation Ltd. (NYSE:FTAI) shares saw strong trading volume on Wednesday . 6,290,691 shares traded hands during mid-day trading, an increase of 172% from the previous session’s volume of 2,311,167 shares.The stock last traded at $112.04 and had previously closed at $153.29.

Analyst Ratings Changes

Several research analysts have weighed in on FTAI shares. Royal Bank of Canada restated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Friday, November 1st. Benchmark upped their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup raised their price objective on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Finally, Stifel Nicolaus raised their price target on FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.33.

FTAI Aviation Trading Down 24.3 %

The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of -1,160.68 and a beta of 2.09. The company’s 50 day simple moving average is $152.65 and its 200-day simple moving average is $132.43.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue was up 60.0% on a year-over-year basis. Sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,200.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation in the third quarter worth approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC grew its stake in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after buying an additional 189 shares during the period. USA Financial Formulas acquired a new stake in shares of FTAI Aviation during the 4th quarter worth $93,000. Finally, Everence Capital Management Inc. purchased a new position in shares of FTAI Aviation in the 4th quarter worth $203,000. 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.