Teachers Retirement System of The State of Kentucky Sells 18,282 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Teachers Retirement System of The State of Kentucky reduced its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 40.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,013 shares of the financial services provider’s stock after selling 18,282 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in FTAI Aviation were worth $3,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTAI. Geode Capital Management LLC increased its holdings in shares of FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after purchasing an additional 61,897 shares during the last quarter. Barclays PLC increased its holdings in shares of FTAI Aviation by 73.5% in the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider’s stock valued at $28,520,000 after purchasing an additional 90,905 shares during the last quarter. Luxor Capital Group LP acquired a new position in shares of FTAI Aviation in the third quarter valued at $1,298,000. MML Investors Services LLC increased its holdings in shares of FTAI Aviation by 6.3% in the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 129 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of FTAI Aviation by 2.9% in the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 102 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on FTAI. Compass Point upped their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a report on Friday, September 27th. BTIG Research started coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They issued a “buy” rating and a $140.00 price target on the stock. Benchmark upped their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays upped their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group upped their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.18.

FTAI Aviation Stock Down 2.5 %

Shares of FTAI Aviation stock opened at $131.72 on Friday. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of -1,317.07 and a beta of 2.06. FTAI Aviation Ltd. has a 12-month low of $44.15 and a 12-month high of $177.18. The firm’s 50-day moving average price is $152.48 and its two-hundred day moving average price is $123.43.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company’s quarterly revenue was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. On average, sell-side analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.91%. FTAI Aviation’s dividend payout ratio (DPR) is currently -1,199.88%.

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.