FTAI Aviation (NYSE:FTAI) Trading 7.6% Higher – What’s Next?

Shares of FTAI Aviation Ltd. (NYSE:FTAI) traded up 7.6% during trading on Wednesday . The stock traded as high as $89.49 and last traded at $90.13. 4,249,280 shares were traded during mid-day trading, a decline of 24% from the average session volume of 5,593,800 shares. The stock had previously closed at $83.79.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FTAI shares. Stifel Nicolaus decreased their price target on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. Jefferies Financial Group upped their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Compass Point boosted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. BTIG Research boosted their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Finally, Citigroup boosted their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.75.

FTAI Aviation Stock Up 9.8 %

The stock’s 50 day moving average is $147.90 and its two-hundred day moving average is $132.52. The company has a market capitalization of $9.43 billion, a PE ratio of -919.81 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same period last year, the company earned $0.33 earnings per share. The firm’s revenue was up 60.0% compared to the same quarter last year. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,199.88%.

Hedge Funds Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vantage Investment Partners LLC increased its holdings in FTAI Aviation by 21.2% in the 4th quarter. Vantage Investment Partners LLC now owns 298,778 shares of the financial services provider’s stock worth $43,036,000 after buying an additional 52,207 shares during the period. Verde Servicos Internacionais S.A. acquired a new position in FTAI Aviation in the 4th quarter worth approximately $9,776,000. KBC Group NV increased its holdings in FTAI Aviation by 53.0% in the 4th quarter. KBC Group NV now owns 4,138 shares of the financial services provider’s stock worth $596,000 after buying an additional 1,433 shares during the period. Zweig DiMenna Associates LLC acquired a new position in FTAI Aviation in the 4th quarter worth approximately $12,540,000. Finally, Avior Wealth Management LLC grew its stake in shares of FTAI Aviation by 20.5% during the 4th quarter. Avior Wealth Management LLC now owns 6,116 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 1,042 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

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.