Teacher Retirement System of Texas Sells 37,945 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Teacher Retirement System of Texas trimmed its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,099 shares of the financial services provider's stock after selling 37,945 shares during the period. Teacher Retirement System of Texas owned about 0.18% of FTAI Aviation worth $8,217,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in FTAI Aviation by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 372,574 shares of the financial services provider's stock valued at $13,245,000 after purchasing an additional 3,895 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of FTAI Aviation by 32.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,823 shares of the financial services provider's stock worth $705,000 after purchasing an additional 4,903 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of FTAI Aviation during the third quarter worth $394,000. Strs Ohio grew its position in shares of FTAI Aviation by 87.2% in the third quarter. Strs Ohio now owns 7,300 shares of the financial services provider's stock valued at $259,000 after purchasing an additional 3,400 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in FTAI Aviation by 9.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,305 shares of the financial services provider's stock worth $722,000 after buying an additional 1,705 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Trading Down 3.1 %

NYSE:FTAI traded down $2.46 during midday trading on Monday, hitting $76.65. 504,348 shares of the stock were exchanged, compared to its average volume of 875,272. FTAI Aviation Ltd. has a one year low of $27.29 and a one year high of $81.40. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 35.37 and a beta of 1.90. The business has a 50-day moving average price of $68.04 and a two-hundred day moving average price of $54.41.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The business had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. During the same quarter last year, the firm posted $0.22 EPS. The company's quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that FTAI Aviation Ltd. will post 1.88 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Friday, May 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, May 9th. FTAI Aviation's dividend payout ratio is currently 54.79%.

Analyst Upgrades and Downgrades

FTAI has been the topic of several research analyst reports. Stifel Nicolaus raised their target price on shares of FTAI Aviation from $59.00 to $66.00 and gave the stock a "hold" rating in a research report on Monday, April 29th. Compass Point lifted their target price on FTAI Aviation from $71.00 to $88.00 and gave the company a "buy" rating in a report on Friday, April 26th. StockNews.com lowered FTAI Aviation from a "hold" rating to a "sell" rating in a research note on Friday, April 12th. Royal Bank of Canada began coverage on FTAI Aviation in a report on Friday, May 3rd. They set an "outperform" rating and a $85.00 target price for the company. Finally, Barclays raised their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $68.95.

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.