FTAI Aviation (NYSE:FTAI) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of FTAI Aviation (NYSE:FTAI) in a research note released on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $120.00 price objective on the financial services provider’s stock.

Other equities research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on FTAI Aviation from $84.00 to $90.00 and gave the company a buy rating in a research report on Thursday, May 30th. JMP Securities increased their target price on shares of FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a report on Monday, April 29th. Royal Bank of Canada lifted their price target on shares of FTAI Aviation from $85.00 to $95.00 and gave the company an outperform rating in a report on Friday, June 7th. Barclays increased their price objective on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. Finally, Morgan Stanley lifted their target price on FTAI Aviation from $85.00 to $105.00 and gave the company an overweight rating in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of Moderate Buy and an average price target of $84.29.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $99.67 on Tuesday. The firm has a fifty day moving average of $80.65 and a two-hundred day moving average of $64.26. The firm has a market cap of $9.99 billion, a P/E ratio of 45.51 and a beta of 1.95. FTAI Aviation has a 1-year low of $27.94 and a 1-year high of $101.09.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The firm had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. During the same quarter last year, the business posted $0.22 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, sell-side analysts expect that FTAI Aviation will post 2.09 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Thursday, May 9th. FTAI Aviation’s dividend payout ratio (DPR) is 54.79%.

Insider Activity at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams acquired 59,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average price of $82.00 per share, for a total transaction of $4,838,000.00. Following the completion of the purchase, the chief executive officer now directly owns 197,382 shares of the company’s stock, valued at $16,185,324. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in shares of FTAI Aviation by 37.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 231 shares in the last quarter. CWM LLC bought a new stake in FTAI Aviation during the fourth quarter worth approximately $43,000. USA Financial Formulas grew its position in FTAI Aviation by 1,684.6% in the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after buying an additional 1,533 shares during the last quarter. Tucker Asset Management LLC increased its holdings in shares of FTAI Aviation by 726.5% in the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,453 shares in the last quarter. Finally, Operose Advisors LLC acquired a new stake in shares of FTAI Aviation during the 3rd quarter valued at $75,000. 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.