FTAI Aviation Ltd. (NASDAQ:FTAI) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 38.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,775 shares of the financial services provider's stock after selling 24,443 shares during the quarter. Teacher Retirement System of Texas' holdings in FTAI Aviation were worth $4,416,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Versant Capital Management Inc grew its holdings in FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 181 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation in the 4th quarter valued at about $26,000. Transce3nd LLC acquired a new position in FTAI Aviation during the fourth quarter worth about $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at about $30,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of FTAI Aviation in the first quarter valued at approximately $34,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JMP Securities reduced their target price on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 8th. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Barclays cut their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley cut their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, CEO Joseph P. Jr. Adams bought 3,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $94.54 per share, with a total value of $283,620.00. Following the purchase, the chief executive officer owned 341,852 shares in the company, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO David Moreno purchased 6,580 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $94.85 per share, with a total value of $624,113.00. Following the completion of the transaction, the chief operating officer owned 231,623 shares in the company, valued at $21,969,441.55. This trade represents a 2.92% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,667 shares of company stock valued at $1,008,715 over the last ninety days. Corporate insiders own 1.30% of the company's stock.

FTAI Aviation Stock Performance

Shares of FTAI traded up $0.65 during trading hours on Wednesday, hitting $110.41. The stock had a trading volume of 1,432,015 shares, compared to its average volume of 2,486,115. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64. The firm has a market cap of $11.32 billion, a P/E ratio of 525.76 and a beta of 1.62. The company's fifty day simple moving average is $117.39 and its 200 day simple moving average is $115.91.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a return on equity of 438.32% and a net margin of 3.74%. The business's revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.09%. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

FTAI Aviation Company Profile

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.