FTAI Aviation Ltd. $FTAI Shares Sold by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas trimmed its stake in FTAI by 21.4% in Q4, selling 8,507 shares and retaining 31,232 shares worth about $6.15 million.
• FTAI missed quarterly estimates—$1.08 EPS versus $1.22 expected and $662.0M revenue versus $710.4M expected—but revenue was up 32.7% year‑over‑year with a ~20% net margin and very high ROE.
• Analysts remain broadly bullish, with a MarketBeat consensus "Buy" and an average target of $295.78, while several firms have lifted price targets as high as $350.00.

Teacher Retirement System of Texas trimmed its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,232 shares of the financial services provider's stock after selling 8,507 shares during the quarter. Teacher Retirement System of Texas' holdings in FTAI Aviation were worth $6,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FTAI. Mather Group LLC. acquired a new stake in FTAI Aviation during the 3rd quarter worth approximately $28,000. Global Retirement Partners LLC lifted its position in FTAI Aviation by 880.0% during the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider's stock worth $57,000 after acquiring an additional 308 shares during the period. First Horizon Corp lifted its position in FTAI Aviation by 131.9% during the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider's stock worth $63,000 after acquiring an additional 182 shares during the period. Rossby Financial LCC lifted its position in FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider's stock worth $94,000 after acquiring an additional 65 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in FTAI Aviation by 88.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider's stock worth $95,000 after acquiring an additional 227 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

FTAI opened at $232.85 on Monday. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. The business has a 50 day simple moving average of $259.33 and a 200-day simple moving average of $222.67. The stock has a market capitalization of $23.89 billion, a P/E ratio of 50.40, a P/E/G ratio of 0.88 and a beta of 1.59. FTAI Aviation Ltd. has a 12 month low of $86.84 and a 12 month high of $323.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $662.03 million during the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The firm's quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 7.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 13th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, March 13th. FTAI Aviation's dividend payout ratio (DPR) is currently 34.63%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FTAI. Jefferies Financial Group reaffirmed a "buy" rating and set a $350.00 price objective on shares of FTAI Aviation in a research report on Monday, February 9th. Wolfe Research reaffirmed an "outperform" rating and set a $225.00 price objective on shares of FTAI Aviation in a research report on Wednesday, December 31st. Weiss Ratings raised FTAI Aviation from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 16th. BTIG Research increased their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Friday, March 13th. Finally, Barclays increased their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $295.78.

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.

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