California State Teachers Retirement System Boosts Holdings in FTAI Aviation Ltd. $FTAI

California State Teachers Retirement System boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 33,634.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,055,754 shares of the financial services provider’s stock after buying an additional 39,937,016 shares during the quarter. California State Teachers Retirement System owned 39.00% of FTAI Aviation worth $10,836,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors grew its stake in FTAI Aviation by 41.1% in the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after purchasing an additional 2,596,265 shares in the last quarter. Rubric Capital Management LP increased its stake in shares of FTAI Aviation by 10.1% in the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock valued at $728,345,000 after purchasing an additional 339,447 shares during the period. Westfield Capital Management Co. LP raised its stake in FTAI Aviation by 10.3% during the 4th quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock valued at $462,721,000 after acquiring an additional 220,384 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of FTAI Aviation by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock valued at $394,757,000 after purchasing an additional 71,271 shares in the last quarter. Finally, State Street Corp raised its position in shares of FTAI Aviation by 1.2% during the 4th quarter. State Street Corp now owns 1,745,498 shares of the financial services provider’s stock worth $343,601,000 after buying an additional 20,378 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on FTAI. Royal Bank Of Canada cut their price objective on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a report on Monday, July 27th. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a report on Friday, July 31st. Citizens Jmp initiated coverage on FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective for the company. Finally, BTIG Research cut their price objective on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average price target of $320.11.

FTAI Aviation Stock Up 0.2%

NASDAQ FTAI opened at $196.69 on Wednesday. FTAI Aviation Ltd. has a 1-year low of $149.50 and a 1-year high of $323.51. The company has a market capitalization of $20.20 billion, a price-to-earnings ratio of 42.76, a PEG ratio of 0.98 and a beta of 1.51. The stock’s 50 day moving average is $212.93 and its two-hundred day moving average is $240.51. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The company had revenue of $953.09 million during the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The company’s quarterly revenue was up 40.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. Equities analysts forecast that FTAI Aviation Ltd. will post 5.48 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is currently 43.48%.

Insider Transactions at FTAI Aviation

In related news, President David Moreno acquired 2,475 shares of the business’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the acquisition, the president owned 199,490 shares in the company, valued at $40,151,352.30. The trade was a 1.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.35% of the stock is owned by corporate insiders.

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.