AMG National Trust Bank Invests $2.20 Million in FTAI Aviation Ltd. $FTAI

AMG National Trust Bank bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the 1st quarter, Holdings Channel.com reports. The firm bought 8,980 shares of the financial services provider’s stock, valued at approximately $2,200,000.

A number of other large investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. grew its stake in FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 59 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in FTAI Aviation in the fourth quarter valued at approximately $30,000. Root Financial Partners LLC lifted its stake 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 valued at $38,000 after buying an additional 45 shares during the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $50,000. Finally, First Horizon Corp boosted its holdings in shares of FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 182 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 1.7%

Shares of FTAI stock opened at $206.22 on Wednesday. The business’s fifty day moving average price is $251.08 and its 200 day moving average price is $253.66. The firm has a market capitalization of $21.15 billion, a PE ratio of 40.92, a P/E/G ratio of 0.85 and a beta of 1.46. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. FTAI Aviation Ltd. has a 1-year low of $109.90 and a 1-year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The company had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm’s revenue for the quarter was up 65.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 earnings per share. As a group, sell-side analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. FTAI Aviation’s payout ratio is currently 31.75%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $326.88.

Insider Activity

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Martin Tuchman sold 143,584 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the sale, the director owned 236,302 shares in the company, valued at approximately $57,289,056.88. The trade was a 37.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 254,515 shares of company stock worth $61,599,445 over the last 90 days. 1.35% of the stock is currently owned by company insiders.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.