FTAI Aviation (NYSE:FTAI) Shares Gap Up After Insider Buying Activity

FTAI Aviation Ltd. (NYSE:FTAI) gapped up before the market opened on Friday following insider buying activity. The stock had previously closed at $86.90, but opened at $93.50. FTAI Aviation shares last traded at $94.72, with a volume of 626,905 shares.

Specifically, CEO Joseph P. Jr. Adams purchased 3,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was bought at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the acquisition, the chief executive officer now owns 341,852 shares of the company’s stock, valued at approximately $32,318,688.08. This represents a 0.89 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Moreno bought 6,580 shares of FTAI Aviation stock in a transaction on Friday, May 2nd. The shares were acquired at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the acquisition, the chief operating officer now directly owns 231,623 shares in the company, valued at approximately $21,969,441.55. The trade was a 2.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FTAI. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Wednesday, April 23rd. Morgan Stanley decreased their price objective on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Royal Bank of Canada reduced their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Friday. Barclays cut their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $167.83.

FTAI Aviation Stock Up 3.5 %

The company has a market cap of $9.22 billion, a PE ratio of -899.41 and a beta of 1.79. The stock has a 50-day moving average of $105.00 and a 200-day moving average of $126.67.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company’s quarterly revenue was up 53.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. Research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be given a $0.30 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.33%. FTAI Aviation’s payout ratio is currently -342.86%.

Institutional Trading of FTAI Aviation

Institutional investors have recently modified their holdings of the company. Capital International Investors boosted its position in shares of FTAI Aviation by 39.7% during the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock valued at $1,537,940,000 after purchasing an additional 3,034,838 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of FTAI Aviation by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock valued at $1,519,325,000 after purchasing an additional 184,730 shares during the period. Hood River Capital Management LLC boosted its stake in shares of FTAI Aviation by 8.0% during the 4th quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider’s stock worth $298,137,000 after acquiring an additional 153,909 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of FTAI Aviation by 24.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider’s stock worth $188,030,000 after buying an additional 256,800 shares during the period. Finally, Norges Bank bought a new stake in shares of FTAI Aviation during the 4th quarter valued at $183,688,000. 88.96% of the stock is currently 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.