Teacher Retirement System of Texas Sells 9,551 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Teacher Retirement System of Texas reduced its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,218 shares of the financial services provider's stock after selling 9,551 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of FTAI Aviation worth $9,250,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in shares of FTAI Aviation during the third quarter valued at about $260,000. Natixis Advisors LLC bought a new position in FTAI Aviation in the 3rd quarter valued at about $1,891,000. Intech Investment Management LLC acquired a new position in FTAI Aviation during the 3rd quarter valued at about $3,651,000. Charles Schwab Investment Management Inc. increased its holdings in FTAI Aviation by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,047,572 shares of the financial services provider's stock worth $139,222,000 after purchasing an additional 35,888 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in shares of FTAI Aviation in the third quarter worth approximately $200,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Wall Street Analyst Weigh In

FTAI has been the subject of several recent research reports. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. BTIG Research boosted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. Finally, StockNews.com upgraded FTAI Aviation to a "sell" rating in a research note on Saturday, March 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $173.67.

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FTAI Aviation Price Performance

Shares of FTAI traded down $2.94 during mid-day trading on Wednesday, hitting $114.00. The stock had a trading volume of 2,123,907 shares, compared to its average volume of 3,252,512. FTAI Aviation Ltd. has a 52 week low of $65.00 and a 52 week high of $181.64. The business has a fifty day moving average price of $111.79 and a 200-day moving average price of $133.20. The firm has a market cap of $11.69 billion, a P/E ratio of -1,139.89 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.05%. FTAI Aviation's dividend payout ratio is -342.86%.

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.