Teachers Retirement System of The State of Kentucky Trims Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Teachers Retirement System of The State of Kentucky reduced its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,179 shares of the financial services provider’s stock after selling 3,534 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of FTAI Aviation worth $3,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in FTAI Aviation by 6.3% during the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after buying an additional 533,381 shares during the period. Capital International Investors purchased a new position in FTAI Aviation during the first quarter worth about $274,052,000. CIBC Private Wealth Group LLC lifted its position in FTAI Aviation by 90.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after buying an additional 1,359,302 shares during the period. Norges Bank purchased a new position in FTAI Aviation during the fourth quarter worth about $55,039,000. Finally, Charles Schwab Investment Management Inc. lifted its position in FTAI Aviation by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,042,325 shares of the financial services provider’s stock worth $48,364,000 after buying an additional 71,904 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Joseph P. Jr. Adams acquired 59,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were bought at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the purchase, the chief executive officer now owns 197,382 shares of the company’s stock, valued at $16,185,324. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

FTAI Aviation Price Performance

NYSE:FTAI traded down $6.96 during midday trading on Friday, reaching $101.96. 1,633,253 shares of the company traded hands, compared to its average volume of 1,476,523. FTAI Aviation Ltd. has a twelve month low of $32.09 and a twelve month high of $117.45. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 54.73 and a beta of 2.03. The company has a fifty day moving average price of $96.83 and a 200 day moving average price of $75.47.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.18%. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

Wall Street Analyst Weigh In

FTAI has been the subject of several research analyst reports. Compass Point upped their price target on FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Citigroup upped their price target on FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft raised their target price on FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Royal Bank of Canada raised their target price on FTAI Aviation from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of FTAI Aviation in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average target price of $110.90.

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.