North Star Investment Management Corp. Acquires New Stake in FTAI Aviation Ltd. $FTAI

North Star Investment Management Corp. acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,440 shares of the financial services provider’s stock, valued at approximately $843,000.

A number of other large investors also recently bought and sold shares of FTAI. Garton & Associates Financial Advisors LLC acquired a new stake in shares of FTAI Aviation in the 4th quarter worth $30,000. Greenline Wealth Management LLC purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at about $50,000. First Horizon Corp increased its stake in shares of FTAI Aviation by 131.9% during the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 182 shares during the period. Covestor Ltd increased its stake in shares of FTAI Aviation by 338.6% during the fourth quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 298 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in FTAI Aviation by 88.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Insider Activity at FTAI Aviation

In related news, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was 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 $764,716.68. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Martin Tuchman sold 67,500 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the transaction, the director directly owned 210,491 shares of the company’s stock, valued at $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 254,515 shares of company stock worth $61,599,445 in the last three months. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. BTIG Research boosted their target price on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Jefferies Financial Group reissued a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Weiss Ratings cut FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley restated an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $326.88.

FTAI Aviation Stock Performance

Shares of FTAI opened at $263.62 on Tuesday. The company has a 50-day simple moving average of $251.43 and a 200-day simple moving average of $248.78. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The company has a market capitalization of $27.04 billion, a PE ratio of 52.31, a P/E/G ratio of 1.05 and a beta of 1.47. FTAI Aviation Ltd. has a 52-week low of $108.47 and a 52-week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). The company had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The firm’s revenue for the quarter was up 65.4% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. Equities research analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were issued a $0.45 dividend. 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 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is 31.75%.

FTAI Aviation Company 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.