FTAI Aviation (NYSE:FTAI) Trading 5% Higher – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI) shot up 5% on Tuesday . The stock traded as high as $96.74 and last traded at $96.25. 264,600 shares traded hands during trading, a decline of 95% from the average session volume of 5,455,105 shares. The stock had previously closed at $91.65.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FTAI shares. Citigroup boosted their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Stifel Nicolaus reduced their target price on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. StockNews.com raised FTAI Aviation to a “sell” rating in a research note on Tuesday, January 21st. Compass Point increased their price objective on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $171.75.

FTAI Aviation Trading Up 8.0 %

The business’s 50-day moving average price is $142.59 and its 200-day moving average price is $132.33. The stock has a market cap of $10.15 billion, a PE ratio of -987.85 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share 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 company had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same period in the prior year, the business posted $0.33 earnings per share. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis. As a group, analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.21%. FTAI Aviation’s payout ratio is -1,199.88%.

Institutional Trading of FTAI Aviation

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in FTAI Aviation by 25.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,681 shares of the financial services provider’s stock valued at $3,374,000 after buying an additional 6,599 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of FTAI Aviation in the second quarter worth approximately $261,000. Profund Advisors LLC purchased a new stake in shares of FTAI Aviation during the second quarter worth approximately $205,000. Xponance Inc. raised its stake in FTAI Aviation by 4.1% in the 2nd quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 248 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in FTAI Aviation by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,701 shares of the financial services provider’s stock worth $5,234,000 after purchasing an additional 1,760 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

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.