Morgan Stanley Boosts FTAI Aviation (NYSE:FTAI) Price Target to $105.00

FTAI Aviation (NYSE:FTAIFree Report) had its price target boosted by Morgan Stanley from $85.00 to $105.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

FTAI has been the topic of a number of other reports. Benchmark reaffirmed a buy rating and issued a $100.00 price objective on shares of FTAI Aviation in a research note on Friday, June 7th. Citigroup lifted their price target on FTAI Aviation from $81.00 to $99.00 and gave the company a buy rating in a research note on Tuesday, June 11th. Stifel Nicolaus increased their price objective on FTAI Aviation from $59.00 to $66.00 and gave the stock a hold rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft raised their target price on FTAI Aviation from $84.00 to $90.00 and gave the company a buy rating in a report on Thursday, May 30th. Finally, JMP Securities upped their price target on FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $81.05.

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FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $84.56 on Thursday. The business has a 50-day simple moving average of $77.54 and a 200 day simple moving average of $61.75. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 38.61 and a beta of 1.95. FTAI Aviation has a one year low of $27.94 and a one year high of $88.64.

FTAI Aviation (NYSE:FTAIGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The firm had revenue of $326.70 million for the quarter, compared to the consensus estimate of $302.07 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. On average, sell-side analysts expect that FTAI Aviation will post 2.09 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Friday, May 10th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, May 9th. FTAI Aviation’s dividend payout ratio (DPR) is currently 54.79%.

Insider Buying and Selling

In related news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the acquisition, the chief executive officer now owns 197,382 shares of the company’s stock, valued at approximately $16,185,324. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of FTAI Aviation

Several hedge funds have recently made changes to their positions in FTAI. Swiss National Bank lifted its stake in shares of FTAI Aviation by 1.0% during the 3rd quarter. Swiss National Bank now owns 219,292 shares of the financial services provider’s stock valued at $7,796,000 after buying an additional 2,100 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in FTAI Aviation by 9.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 970,421 shares of the financial services provider’s stock worth $34,498,000 after purchasing an additional 82,863 shares in the last quarter. Rhumbline Advisers boosted its stake in FTAI Aviation by 8.3% in the 3rd quarter. Rhumbline Advisers now owns 133,964 shares of the financial services provider’s stock worth $4,762,000 after purchasing an additional 10,297 shares during the period. PNC Financial Services Group Inc. boosted its stake in FTAI Aviation by 25.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 657 shares during the period. Finally, FMR LLC increased its position in shares of FTAI Aviation by 179.7% during the third quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock valued at $221,014,000 after buying an additional 3,994,578 shares during the period. 88.96% of the stock is currently owned by institutional investors.

About FTAI Aviation

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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.

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