Teachers Retirement System of The State of Kentucky Buys 5,324 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Teachers Retirement System of The State of Kentucky raised its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 19.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,337 shares of the financial services provider's stock after purchasing an additional 5,324 shares during the quarter. 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 quarter.

A number of other institutional investors have also recently made changes to their positions in FTAI. Capital International Investors raised 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 buying an additional 3,034,838 shares during the last quarter. Norges Bank bought a new position in shares of FTAI Aviation during the fourth quarter valued at about $183,688,000. William Blair Investment Management LLC purchased a new stake in shares of FTAI Aviation during the fourth quarter worth about $174,372,000. Clearbridge Investments LLC grew its stake in shares of FTAI Aviation by 104.3% in the fourth quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider's stock worth $66,750,000 after purchasing an additional 236,556 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of FTAI Aviation by 35.1% in the fourth quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider's stock worth $130,240,000 after purchasing an additional 234,874 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FTAI shares. Stifel Nicolaus reiterated a "hold" rating and issued a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. BTIG Research lifted their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $172.83.

FTAI Aviation Stock Up 5.4 %

Shares of FTAI opened at $92.04 on Wednesday. The stock has a market cap of $9.44 billion, a P/E ratio of -920.31 and a beta of 1.79. The business's 50 day moving average price is $109.09 and its 200-day moving average price is $129.02. FTAI Aviation Ltd. has a 52 week low of $69.01 and a 52 week high of $181.64.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders 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 dividend yield of 1.30%. FTAI Aviation's dividend payout ratio is currently -342.86%.

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.

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