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

California State Teachers Retirement System lifted its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 24.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,064 shares of the financial services provider's stock after purchasing an additional 29,326 shares during the quarter. California State Teachers Retirement System owned 0.14% of FTAI Aviation worth $40,055,754 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTAI. Mediolanum International Funds Ltd acquired a new stake in shares of FTAI Aviation in the 1st quarter worth $1,313,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of FTAI Aviation during the first quarter worth $7,217,000. Trek Financial LLC acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $3,936,000. Swiss National Bank grew its holdings in shares of FTAI Aviation by 48.9% during the 1st quarter. Swiss National Bank now owns 301,000 shares of the financial services provider's stock worth $73,745,000 after purchasing an additional 98,808 shares in the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of FTAI Aviation in the first quarter valued at about $1,949,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Up 0.3%

NASDAQ:FTAI traded up $0.57 during mid-day trading on Tuesday, reaching $176.57. The stock had a trading volume of 741,543 shares, compared to its average volume of 1,516,334. The business's 50 day moving average is $207.49 and its 200 day moving average is $237.42. The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07. The stock has a market cap of $18.14 billion, a P/E ratio of 38.38, a PEG ratio of 0.93 and a beta of 1.51. FTAI Aviation Ltd. has a fifty-two week low of $149.50 and a fifty-two week high of $323.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $953.09 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business's revenue for the quarter was up 40.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 EPS. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 5.48 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation's payout ratio is presently 43.48%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FTAI. BTIG Research dropped their target price on FTAI Aviation from $400.00 to $350.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Royal Bank Of Canada decreased their price objective on shares of FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating for the company in a report on Monday, July 27th. Citizens Jmp assumed coverage on FTAI Aviation in a research note on Wednesday, July 15th. They set a "market outperform" rating and a $375.00 price objective for the company. Zacks Research cut FTAI Aviation from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. Finally, Morgan Stanley raised their price target on shares of FTAI Aviation from $319.00 to $360.00 and gave the company an "overweight" rating in a research report on Friday, August 21st. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $320.11.

Insider Activity at FTAI Aviation

In related news, President David Moreno purchased 2,475 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the transaction, the president directly owned 199,490 shares in the company, valued at $40,151,352.30. This represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.35% of the stock is owned by company insiders.

FTAI Aviation Profile

FTAI Aviation Ltd. NASDAQ: FTAI is an aviation asset owner and lessor focused on commercial aircraft engines and related aviation equipment. The company primarily acquires, leases and manages aircraft engines, with a particular emphasis on CFM56 engines, which power many Airbus A320-family and Boeing 737 Next Generation aircraft.

In addition to engine leasing, FTAI Aviation owns and leases commercial aircraft and provides aviation aftermarket services. Its activities include engine disassembly, maintenance, repair and overhaul, as well as the sale of engine components and other aircraft parts.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.