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

Teachers Retirement System of The State of Kentucky decreased its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 40.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,013 shares of the financial services provider's stock after selling 18,282 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in FTAI Aviation were worth $3,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTAI. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation in the third quarter worth $26,000. Arcadia Investment Management Corp MI acquired a new stake in FTAI Aviation during the 2nd quarter worth about $33,000. Farther Finance Advisors LLC grew its position in FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock worth $46,000 after purchasing an additional 189 shares during the period. Ridgewood Investments LLC purchased a new position in shares of FTAI Aviation during the 2nd quarter valued at about $59,000. Finally, Raymond James Trust N.A. acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at about $200,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Down 2.5 %

NYSE:FTAI traded down $3.36 on Friday, hitting $131.72. The stock had a trading volume of 2,343,598 shares, compared to its average volume of 1,055,882. The company has a fifty day moving average price of $152.48 and a two-hundred day moving average price of $123.43. FTAI Aviation Ltd. has a 1-year low of $44.15 and a 1-year high of $177.18. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of -1,317.07 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million during the quarter, compared to analysts' expectations of $422.45 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company's revenue was up 60.0% on a year-over-year basis. As a group, analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given 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 yield of 0.91%. FTAI Aviation's payout ratio is currently -1,199.88%.

Wall Street Analyst Weigh In

Several analysts recently commented on FTAI shares. Compass Point raised their target price on FTAI Aviation from $118.00 to $156.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Morgan Stanley reiterated an "underperform" rating on shares of FTAI Aviation in a research report on Friday, October 18th. Jefferies Financial Group raised their price objective on FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a report on Monday, September 30th. BTIG Research began coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They set a "buy" rating and a $140.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $166.18.

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.