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

Teacher Retirement System of Texas lessened its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 38.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Virtus Fund Advisers LLC purchased a new stake in FTAI Aviation during the 4th quarter valued at about $26,000. Transce3nd LLC purchased a new stake in FTAI Aviation in the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda purchased a new stake in FTAI Aviation in the 4th quarter worth approximately $30,000. Versant Capital Management Inc increased its holdings in shares of FTAI Aviation by 420.9% during the 1st 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 in the last quarter. Finally, Rakuten Securities Inc. purchased a new position in shares of FTAI Aviation during the 1st quarter valued at approximately $34,000. Institutional investors own 88.96% of the company's stock.

Insider Activity

In other FTAI Aviation news, COO David Moreno bought 6,580 shares of FTAI Aviation stock in a transaction on Friday, May 2nd. The shares were bought at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the transaction, the chief operating officer directly owned 231,623 shares of the company's stock, valued at $21,969,441.55. This trade represents a 2.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of FTAI Aviation stock in a transaction on Friday, May 2nd. The stock was acquired at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the transaction, the chief executive officer directly owned 341,852 shares of the company's stock, valued at approximately $32,318,688.08. This trade represents a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 10,667 shares of company stock valued at $1,008,715. 1.30% of the stock is currently owned by company insiders.

FTAI Aviation Stock Down 1.5%

FTAI traded down $1.70 during trading on Friday, reaching $110.98. The company's stock had a trading volume of 1,296,166 shares, compared to its average volume of 2,471,827. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The company has a market cap of $11.38 billion, a price-to-earnings ratio of 528.48 and a beta of 1.62. The firm has a fifty day simple moving average of $117.97 and a two-hundred day simple moving average of $115.77.

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

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were paid a $0.30 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.08%. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FTAI shares. Morgan Stanley lowered their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. JMP Securities lowered their price target on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 8th. Royal Bank Of Canada cut their price objective on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation 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.