FTAI Aviation (NYSE:FTAI) Downgraded by Wolfe Research to Peer Perform

Wolfe Research cut shares of FTAI Aviation (NYSE:FTAI) from an outperform rating to a peer perform rating in a research note published on Wednesday, MarketBeat reports.

FTAI has been the topic of several other reports. JMP Securities increased their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a research report on Monday, April 29th. StockNews.com upgraded shares of FTAI Aviation to a sell rating in a report on Thursday, June 6th. Morgan Stanley boosted their target price on shares of FTAI Aviation from $85.00 to $105.00 and gave the company an overweight rating in a report on Thursday, June 13th. Citigroup increased their price target on shares of FTAI Aviation from $81.00 to $99.00 and gave the stock a buy rating in a research note on Tuesday, June 11th. Finally, Jefferies Financial Group started coverage on shares of FTAI Aviation in a research note on Tuesday, June 25th. They set a buy rating and a $120.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $88.50.

FTAI Aviation Trading Up 1.3 %

NYSE:FTAI opened at $97.72 on Wednesday. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 44.62 and a beta of 2.03. FTAI Aviation has a 12-month low of $31.73 and a 12-month high of $111.02. The company’s 50-day moving average is $88.67 and its two-hundred day moving average is $69.22.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The firm had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. On average, equities research analysts forecast that FTAI Aviation will post 2.04 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.23%. The ex-dividend date was Thursday, May 9th. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

Insider Transactions at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams bought 59,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the acquisition, the chief executive officer now owns 197,382 shares in the company, valued at approximately $16,185,324. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of FTAI Aviation by 6.3% during the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after purchasing an additional 533,381 shares in the last quarter. Capital International Investors purchased a new stake in FTAI Aviation during the 1st quarter worth $274,052,000. CIBC Private Wealth Group LLC lifted its holdings in FTAI Aviation by 90.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after buying an additional 1,359,302 shares in the last quarter. Norges Bank purchased a new position in FTAI Aviation in the 4th quarter valued at about $55,039,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of FTAI Aviation by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,042,325 shares of the financial services provider’s stock valued at $48,364,000 after acquiring an additional 71,904 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

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.