FTAI Aviation Ltd. $FTAI Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 58.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,461 shares of the financial services provider’s stock after selling 36,568 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in FTAI Aviation were worth $6,483,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SJS Investment Consulting Inc. increased its stake in shares of FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in FTAI Aviation during the fourth quarter worth approximately $30,000. Root Financial Partners LLC grew its holdings in FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 45 shares during the period. Greenline Wealth Management LLC acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $50,000. Finally, First Horizon Corp increased its position in shares of 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 buying an additional 182 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FTAI has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Morgan Stanley restated an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $326.88.

Insider Activity

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

FTAI Aviation Trading Down 7.7%

Shares of FTAI Aviation stock opened at $209.88 on Tuesday. The firm has a market capitalization of $21.53 billion, a price-to-earnings ratio of 41.64, a PEG ratio of 0.92 and a beta of 1.46. FTAI Aviation Ltd. has a fifty-two week low of $109.90 and a fifty-two week high of $323.51. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The stock has a 50 day moving average of $251.84 and a 200 day moving average of $253.42.

FTAI Aviation (NASDAQ:FTAI) last issued 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). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company had revenue of $830.70 million during the quarter. During the same quarter in the prior year, the company posted $0.87 EPS. The business’s revenue was up 65.4% on a year-over-year basis. As a group, research analysts predict that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were given 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 0.9%. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

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.