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

Teacher Retirement System of Texas trimmed its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 38.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,775 shares of the financial services provider's stock after selling 24,443 shares during the period. Teacher Retirement System of Texas' holdings in FTAI Aviation were worth $4,416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cannon Global Investment Management LLC purchased a new position in FTAI Aviation in the 1st quarter valued at $333,000. WCM Investment Management LLC grew its position in FTAI Aviation by 11.2% in the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock valued at $27,200,000 after buying an additional 24,296 shares during the last quarter. Rossby Financial LCC purchased a new position in FTAI Aviation in the 1st quarter valued at $45,000. DAVENPORT & Co LLC purchased a new position in FTAI Aviation in the 1st quarter valued at $232,000. Finally, Peregrine Capital Management LLC purchased a new position in FTAI Aviation in the 1st quarter valued at $9,964,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FTAI Aviation

In other news, COO David Moreno purchased 6,580 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was acquired at an average price of $94.85 per share, with a total value of $624,113.00. Following the purchase, the chief operating officer directly owned 231,623 shares of the company's stock, valued at $21,969,441.55. This represents a 2.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost 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 in the company, 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 bought 10,667 shares of company stock valued at $1,008,715 in the last 90 days. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FTAI shares. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. JMP Securities lowered their price objective on shares of 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. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada decreased their target price on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Barclays decreased their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

FTAI Aviation Trading Up 2.1%

Shares of NASDAQ:FTAI traded up $2.27 during midday trading on Thursday, hitting $112.68. 1,818,113 shares of the stock were exchanged, compared to its average volume of 2,237,250. The stock has a market cap of $11.56 billion, a P/E ratio of 536.57 and a beta of 1.62. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The company has a 50 day moving average price of $117.97 and a 200-day moving average price of $115.77.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly 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 return on equity of 438.32% and a net margin of 3.74%. The company's revenue was up 53.7% compared to the same quarter last year. During the same period last year, the company posted $0.31 EPS. On average, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is presently 571.43%.

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.