FTAI Aviation Ltd. (NYSE:FTAI) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,337 shares of the financial services provider's stock after purchasing an additional 5,324 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in FTAI Aviation were worth $4,658,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FTAI. Capital International Investors increased its holdings in FTAI Aviation by 39.7% during the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after purchasing an additional 3,034,838 shares during the period. Norges Bank bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $183,688,000. William Blair Investment Management LLC bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $174,372,000. Clearbridge Investments LLC increased its stake in shares of FTAI Aviation by 104.3% during the fourth quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider's stock valued at $66,750,000 after buying an additional 236,556 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of FTAI Aviation by 35.1% during the fourth quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider's stock valued at $130,240,000 after acquiring an additional 234,874 shares in the last quarter. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Up 0.5 %

FTAI traded up $0.53 on Monday, reaching $105.37. 285,008 shares of the company traded hands, compared to its average volume of 2,823,884. The company has a market cap of $10.81 billion, a P/E ratio of -1,053.60 and a beta of 1.79. FTAI Aviation Ltd. has a one year low of $69.93 and a one year high of $181.64. The firm has a fifty day simple moving average of $108.21 and a two-hundred day simple moving average of $128.01.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation's payout ratio is -342.86%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. BTIG Research boosted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Stifel Nicolaus restated a "hold" rating and issued a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Morgan Stanley reduced their target price on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Wolfe Research upgraded FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $172.83.

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.