North Star Investment Management Corp. Invests $843,000 in FTAI Aviation Ltd. $FTAI

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

Several other large investors have also modified their holdings of the stock. Garton & Associates Financial Advisors LLC purchased a new position in shares of FTAI Aviation in the 4th quarter valued at $30,000. Greenline Wealth Management LLC purchased a new stake in FTAI Aviation in the fourth quarter valued at $50,000. First Horizon Corp lifted its position in 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 last quarter. Covestor Ltd boosted its stake in FTAI Aviation by 338.6% in the fourth quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 298 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in FTAI Aviation by 88.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the completion of the sale, the director directly owned 236,302 shares of the company’s stock, valued at $57,289,056.88. This represents a 37.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the 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 sale, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 254,515 shares of company stock worth $61,599,445. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Up 1.4%

Shares of NASDAQ:FTAI opened at $263.62 on Tuesday. The stock has a market cap of $27.04 billion, a P/E ratio of 52.31, a P/E/G ratio of 1.05 and a beta of 1.47. The firm has a fifty day moving average price of $251.43 and a 200 day moving average price of $248.78. 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 $108.47 and a 1-year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The business 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 business’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. Sell-side analysts predict that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared 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 dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Analyst Ratings Changes

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

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.