FTAI Aviation (NYSE:FTAI) Raised to “Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of FTAI Aviation (NYSE:FTAI) from a hold rating to a buy rating in a research note released on Friday, MarketBeat.com reports. Stifel Nicolaus currently has $132.00 price target on the financial services provider’s stock, up from their prior price target of $69.00.

FTAI has been the subject of a number of other research reports. Jefferies Financial Group started coverage on shares of FTAI Aviation in a report on Tuesday, June 25th. They set a buy rating and a $120.00 price objective for the company. Citigroup raised their price objective on shares of FTAI Aviation from $81.00 to $99.00 and gave the stock a buy rating in a report on Tuesday, June 11th. Wolfe Research downgraded shares of FTAI Aviation from an outperform rating to a peer perform rating in a report on Wednesday, July 10th. Barclays raised their price objective on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a report on Thursday, April 4th. Finally, StockNews.com upgraded shares of FTAI Aviation to a sell rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of Moderate Buy and a consensus target price of $110.90.

FTAI Aviation Price Performance

FTAI opened at $112.59 on Friday. The company’s 50-day moving average is $94.78 and its 200 day moving average is $74.17. FTAI Aviation has a fifty-two week low of $31.83 and a fifty-two week high of $117.45. The firm has a market capitalization of $11.29 billion, a P/E ratio of 51.41 and a beta of 2.03.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, August 12th. This represents a $1.20 annualized dividend and a yield of 1.07%. FTAI Aviation’s payout ratio is presently 54.79%.

Insider Buying and Selling at FTAI Aviation

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

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of FTAI Aviation by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after acquiring an additional 533,381 shares during the last quarter. Capital International Investors bought a new stake in shares of FTAI Aviation in the 1st quarter worth approximately $274,052,000. CIBC Private Wealth Group LLC lifted its holdings in shares of 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 acquiring an additional 1,359,302 shares during the last quarter. Norges Bank bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $55,039,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of FTAI Aviation by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,042,325 shares of the financial services provider’s stock worth $48,364,000 after acquiring an additional 71,904 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

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.