FTAI Aviation Ltd. $FTAI Shares Newly Bought by Moody National Bank Trust Division

Moody National Bank Trust Division bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,839 shares of the financial services provider’s stock, valued at approximately $4,149,000.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC grew its position in FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 45 shares in the last quarter. SJS Investment Consulting Inc. raised its position in FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares during the period. Compound Planning Inc. lifted its stake in shares of FTAI Aviation by 2.7% in the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 60 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 64 shares during the last quarter. Finally, Abel Hall LLC boosted its holdings in shares of FTAI Aviation by 6.2% in the 1st quarter. Abel Hall LLC now owns 1,362 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 79 shares during the period. Institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FTAI. Barclays decreased their price target on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a report on Tuesday, September 15th. BTIG Research dropped their price objective on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Jefferies Financial Group reiterated a “buy” rating and set a $325.00 price objective on shares of FTAI Aviation in a research report on Sunday, August 2nd. Citizens Jmp started coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 target price on shares of FTAI Aviation in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $315.67.

FTAI Aviation Trading Up 8.9%

Shares of FTAI stock traded up $14.74 on Tuesday, reaching $179.44. 2,177,043 shares of the company’s stock were exchanged, compared to its average volume of 1,507,187. FTAI Aviation Ltd. has a 52 week low of $149.50 and a 52 week high of $323.51. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55. The stock has a market capitalization of $18.43 billion, a PE ratio of 39.01, a P/E/G ratio of 0.83 and a beta of 1.51. The company’s fifty day simple moving average is $196.55 and its 200 day simple moving average is $227.69.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business had revenue of $953.09 million during the quarter. During the same quarter in the previous year, the business earned $1.57 earnings per share. The firm’s revenue was up 40.9% compared to the same quarter last year. As a group, analysts forecast that FTAI Aviation Ltd. will post 5.48 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation’s payout ratio is currently 43.48%.

Insider Activity at FTAI Aviation

In related news, President David Moreno purchased 2,475 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the acquisition, the president owned 199,490 shares in the company, valued at approximately $40,151,352.30. This trade represents a 1.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.35% of the company’s stock.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is an aviation company focused on owning, leasing, and managing commercial aircraft and aircraft engines. The company provides aviation assets to airlines, aircraft leasing companies, maintenance, repair and overhaul providers, and other participants in the global aviation industry.

FTAI Aviation’s business includes aircraft and engine leasing, asset management, and the acquisition and sale of aviation equipment. Through its aviation products activities, the company also develops and sells proprietary aerospace products designed to improve engine performance, reliability, and maintenance economics, including solutions associated with the CFM56 engine platform.

The company serves customers across international aviation markets and manages assets used by airlines and operators in multiple regions.