Teacher Retirement System of Texas Has $4.42 Million Stock Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

Teacher Retirement System of Texas trimmed its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 38.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.

A number of other hedge funds and other institutional investors have also modified their holdings of FTAI. Capital International Investors increased its holdings in FTAI Aviation by 39.7% in the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after buying an additional 3,034,838 shares during the last quarter. Vanguard Group Inc. increased its holdings in FTAI Aviation by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock valued at $1,519,325,000 after buying an additional 184,730 shares during the last quarter. Hood River Capital Management LLC increased its holdings in FTAI Aviation by 8.0% in the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock valued at $298,137,000 after buying an additional 153,909 shares during the last quarter. Two Sigma Advisers LP increased its holdings in FTAI Aviation by 24.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after buying an additional 256,800 shares during the last quarter. Finally, Norges Bank bought a new stake in FTAI Aviation in the fourth quarter valued at about $183,688,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Trading Up 2.7%

FTAI stock traded up $2.98 during trading on Thursday, reaching $113.39. 1,085,384 shares of the stock were exchanged, compared to its average volume of 2,474,854. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The company has a market capitalization of $11.63 billion, a P/E ratio of 539.95 and a beta of 1.62. The stock has a 50 day simple moving average of $117.45 and a 200-day simple moving average of $115.88.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings results 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%. FTAI Aviation's revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. Equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Friday, May 16th. FTAI Aviation's dividend payout ratio is 571.43%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

FTAI has been the subject of several recent research reports. Royal Bank Of Canada lowered their target price on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Barclays reduced their price objective on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Morgan Stanley cut their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. JMP Securities cut their price objective on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research report on Thursday, May 8th. Finally, Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective for the company in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $171.83.

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.