Parkside Financial Bank & Trust Increases Stock Position in FTAI Aviation Ltd. $FTAI

Parkside Financial Bank & Trust raised its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 18,194.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,293 shares of the financial services provider’s stock after buying an additional 3,275 shares during the period. Parkside Financial Bank & Trust’s holdings in FTAI Aviation were worth $549,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FTAI. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of FTAI Aviation by 9.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 112,808 shares of the financial services provider’s stock valued at $18,823,000 after acquiring an additional 10,154 shares during the period. LDR Capital Management LLC acquired a new position in FTAI Aviation in the 3rd quarter worth about $1,102,000. Hiddenite Capital Partners LP boosted its position in FTAI Aviation by 12.9% during the third quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider’s stock worth $13,182,000 after purchasing an additional 9,000 shares in the last quarter. Amalgamated Bank grew its holdings in FTAI Aviation by 7.0% in the third quarter. Amalgamated Bank now owns 8,337 shares of the financial services provider’s stock valued at $1,391,000 after purchasing an additional 547 shares during the period. Finally, Tred Avon Family Wealth LLC purchased a new stake in shares of FTAI Aviation in the third quarter valued at approximately $504,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insider Activity

In related news, COO David Moreno purchased 4,354 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $153.89 per share, with a total value of $670,037.06. Following the completion of the acquisition, the chief operating officer owned 4,354 shares in the company, valued at $670,037.06. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of recent analyst reports. Barclays increased their target price on FTAI Aviation from $200.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Morgan Stanley upped their price objective on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Wall Street Zen downgraded shares of FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Royal Bank Of Canada raised their price target on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

FTAI Aviation Stock Down 0.5%

FTAI Aviation stock opened at $292.10 on Friday. The company has a fifty day simple moving average of $199.42 and a 200-day simple moving average of $169.21. The firm has a market capitalization of $29.96 billion, a price-to-earnings ratio of 66.69 and a beta of 1.54. FTAI Aviation Ltd. has a 52-week low of $81.45 and a 52-week high of $310.00.

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

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were given a $0.35 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.5%. FTAI Aviation’s dividend payout ratio is 31.96%.

About FTAI Aviation

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.