Teachers Retirement System of The State of Kentucky Boosts Holdings in FTAI Aviation Ltd. (NASDAQ:FTAI)

Teachers Retirement System of The State of Kentucky raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 52.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,415 shares of the financial services provider's stock after purchasing an additional 17,078 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in FTAI Aviation were worth $5,487,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Clearbridge Investments LLC raised its position in shares of FTAI Aviation by 104.3% in the fourth quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider's stock worth $66,750,000 after acquiring an additional 236,556 shares during the period. Cynosure Group LLC acquired a new position in shares of FTAI Aviation during the 4th quarter worth about $321,000. Harbor Capital Advisors Inc. raised its position in shares of FTAI Aviation by 27.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider's stock worth $16,405,000 after purchasing an additional 31,694 shares during the last quarter. WCM Investment Management LLC raised its position in shares of FTAI Aviation by 11.2% during the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock worth $27,200,000 after purchasing an additional 24,296 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of FTAI Aviation by 24,780.1% during the 1st quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock worth $5,276,000 after purchasing an additional 47,330 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Stacy Kuperus acquired 1,087 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The shares were acquired at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the acquisition, the insider owned 88,423 shares of the company's stock, valued at $8,214,496.70. This trade represents a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO David Moreno acquired 6,580 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the acquisition, the chief operating officer directly owned 231,623 shares in the company, valued at approximately $21,969,441.55. This represents a 2.92% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 10,667 shares of company stock worth $1,008,715. 1.30% of the stock is currently owned by corporate insiders.

FTAI Aviation Stock Performance

NASDAQ:FTAI opened at $113.88 on Tuesday. The stock has a market capitalization of $11.68 billion, a P/E ratio of 542.29 and a beta of 1.62. The company has a 50 day moving average price of $119.13 and a 200 day moving average price of $114.66. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 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%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The business's revenue for the quarter was up 53.7% compared to the same quarter last year. Research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.05%. FTAI Aviation's payout ratio is 571.43%.

Analysts Set New Price Targets

Several research firms recently weighed in on FTAI. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a research report on Friday, May 2nd. JMP Securities cut their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a report on Thursday, May 8th. 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 report on Friday, April 11th. Finally, Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.