Moody National Bank Trust Division Makes New $4.15 Million Investment in FTAI Aviation Ltd. $FTAI

Key Points

• Moody National Bank Trust Division initiated a $4.15 million position in FTAI Aviation during the third quarter, while institutional investors collectively own 88.96% of the company.
• FTAI reported quarterly revenue of $953.09 million, up 40.9% year over year, but earnings per share of $1.13 missed estimates of $1.32. The company also declared a quarterly dividend of $0.50 per share, equal to a 1.1% annualized yield.
• Analysts maintain a generally positive view, with nine Buy ratings and two Holds and a consensus price target of $315.67, despite several recent target-price reductions. FTAI shares recently traded at $179.44, well below their 12-month high of $323.51.

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

A number of other institutional investors also recently bought and sold shares of FTAI. Baird Financial Group Inc. increased its holdings in FTAI Aviation by 619.2% in the 2nd quarter. Baird Financial Group Inc. now owns 89,672 shares of the financial services provider's stock worth $24,259,000 after acquiring an additional 77,203 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in FTAI Aviation during the first quarter valued at approximately $1,313,000. Resona Asset Management Co. Ltd. purchased a new position in FTAI Aviation during the first quarter valued at approximately $7,217,000. State Street Corp lifted its holdings in FTAI Aviation by 2.5% during the second quarter. State Street Corp now owns 3,083,589 shares of the financial services provider's stock valued at $834,203,000 after purchasing an additional 75,452 shares in the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of FTAI Aviation in the first quarter worth approximately $1,949,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Price Performance

NASDAQ FTAI traded up $14.74 on Tuesday, reaching $179.44. The company had a trading volume of 2,177,043 shares, compared to its average volume of 1,507,187. The stock has a market capitalization of $18.43 billion, a PE ratio of 39.01, a price-to-earnings-growth ratio of 0.83 and a beta of 1.51. FTAI Aviation Ltd. has a 12 month low of $149.50 and a 12 month high of $323.51. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The firm's 50 day moving average price is $196.55 and its 200 day moving average price is $227.69.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released 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 company had revenue of $953.09 million for the quarter. During the same period in the previous year, the business earned $1.57 earnings per share. The firm's revenue was up 40.9% on a year-over-year basis. As a group, equities analysts predict that FTAI Aviation Ltd. will post 5.48 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation's dividend payout ratio (DPR) is currently 43.48%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating on the stock in a research note on Monday, July 27th. 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. Weiss Ratings downgraded FTAI Aviation from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Morgan Stanley upped their price objective on FTAI Aviation from $319.00 to $360.00 and gave the stock an "overweight" rating in a research note on Friday, August 21st. Finally, BTIG Research cut their target price on FTAI Aviation from $400.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $315.67.

Insiders Place Their Bets

In other news, President David Moreno acquired 2,475 shares of FTAI Aviation stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $201.27 per share, with a total value of $498,143.25. Following the purchase, the president directly owned 199,490 shares in the company, valued at $40,151,352.30. The trade was a 1.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.35% of the stock is owned by corporate insiders.

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.

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