American Trust Acquires Shares of 5,296 FTAI Aviation Ltd. $FTAI

American Trust bought a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the second quarter, according to its most recent filing with the SEC. The fund bought 5,296 shares of the financial services provider’s stock, valued at approximately $609,000.

Several other institutional investors also recently added to or reduced their stakes in FTAI. Thrivent Financial for Lutherans boosted its stake in FTAI Aviation by 26.4% in the second quarter. Thrivent Financial for Lutherans now owns 74,726 shares of the financial services provider’s stock valued at $8,596,000 after acquiring an additional 15,598 shares during the last quarter. State of Wyoming bought a new stake in shares of FTAI Aviation in the 2nd quarter worth approximately $211,000. Hudson Bay Capital Management LP purchased a new position in FTAI Aviation in the second quarter valued at approximately $1,531,000. Headlands Technologies LLC bought a new position in FTAI Aviation during the second quarter valued at $196,000. Finally, Tower Research Capital LLC TRC increased its position in FTAI Aviation by 983.8% in the second quarter. Tower Research Capital LLC TRC now owns 27,768 shares of the financial services provider’s stock worth $3,194,000 after buying an additional 25,206 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Insider Transactions at FTAI Aviation

In related news, COO David Moreno bought 4,354 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the transaction, the chief operating officer directly owned 4,354 shares in the company, valued at $670,037.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by insiders.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $170.69 on Tuesday. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $194.36. The stock has a market cap of $17.51 billion, a P/E ratio of 38.97 and a beta of 1.56. The firm’s fifty day moving average price is $169.34 and its 200-day moving average price is $149.69.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $667.06 million for the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.FTAI Aviation’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen cut FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Morgan Stanley upped their price objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Barclays increased their target price on shares of FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Jones Trading assumed coverage on shares of FTAI Aviation in a research report on Friday, October 10th. They issued a “buy” rating and a $306.00 price target on the stock. Finally, Zacks Research cut shares of FTAI Aviation from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.11.

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.