FTAI Aviation Ltd. (NYSE:FTAI) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 147.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,713 shares of the financial services provider’s stock after purchasing an additional 34,995 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.06% of FTAI Aviation worth $2,724,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of FTAI Aviation by 37.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 231 shares during the period. CWM LLC acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $43,000. USA Financial Formulas boosted its position in shares of FTAI Aviation by 1,684.6% in the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,533 shares during the period. Operose Advisors LLC acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at $75,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of FTAI Aviation by 25.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 657 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $93.68 on Thursday. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 42.78 and a beta of 1.95. FTAI Aviation Ltd. has a 52-week low of $27.94 and a 52-week high of $93.92. The stock has a 50-day simple moving average of $78.83 and a 200-day simple moving average of $62.66.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The company had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. During the same period in the previous year, the business posted $0.22 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 2.09 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Friday, May 10th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, May 9th. FTAI Aviation’s payout ratio is 54.79%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays increased their price target on FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Thursday, June 6th. Citigroup raised their price objective on FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Morgan Stanley raised their price objective on FTAI Aviation from $85.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Finally, Stifel Nicolaus raised their price objective on FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.05.

Insider Activity at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams acquired 59,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the purchase, the chief executive officer now owns 197,382 shares of the company’s stock, valued at $16,185,324. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.