FTAI Aviation (NYSE:FTAI) Shares Gap Down – Time to Sell?

FTAI Aviation Ltd. (NYSE:FTAI) shares gapped down before the market opened on Tuesday . The stock had previously closed at $112.38, but opened at $86.25. FTAI Aviation shares last traded at $83.09, with a volume of 4,733,024 shares.

Analyst Ratings Changes

A number of analysts recently weighed in on FTAI shares. Compass Point upped their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a report on Friday, January 10th. Citigroup boosted their price target on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Tuesday. Finally, BTIG Research upped their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $177.33.

FTAI Aviation Price Performance

The firm has a 50 day moving average price of $149.45 and a 200-day moving average price of $132.67. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of -834.78 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm’s quarterly revenue was up 60.0% compared to the same quarter last year. On average, sell-side analysts expect that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently modified their holdings of the business. Westfield Capital Management Co. LP increased its stake in FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after buying an additional 773,017 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of FTAI Aviation by 14,553.9% in the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after acquiring an additional 560,179 shares during the last quarter. Victory Capital Management Inc. boosted its position in FTAI Aviation by 229.9% during the third quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after purchasing an additional 264,971 shares during the last quarter. Vantage Investment Partners LLC acquired a new position in FTAI Aviation during the third quarter valued at approximately $32,769,000. Finally, Franklin Resources Inc. increased its position in shares of FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after purchasing an additional 208,613 shares during the last quarter. 88.96% of the stock is currently 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.