FTAI Aviation Ltd. $FTAI Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System lifted its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 22.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,738 shares of the financial services provider’s stock after buying an additional 21,372 shares during the period. California State Teachers Retirement System’s holdings in FTAI Aviation were worth $29,091,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. AQR Capital Management LLC acquired a new position in FTAI Aviation during the 1st quarter worth approximately $242,000. Cetera Investment Advisers boosted its holdings in FTAI Aviation by 73.3% in the 2nd quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 2,368 shares during the period. Invesco Ltd. grew its position in FTAI Aviation by 23.8% in the second quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock valued at $48,015,000 after acquiring an additional 80,341 shares in the last quarter. Amundi grew its position in FTAI Aviation by 16,560.0% in the second quarter. Amundi now owns 2,499 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 2,484 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of FTAI Aviation during the second quarter valued at approximately $2,736,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI opened at $206.00 on Friday. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a fifty-two week low of $128.32 and a fifty-two week high of $323.51. The business has a 50 day moving average price of $238.79 and a two-hundred day moving average price of $253.32. The firm has a market cap of $21.13 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 0.80 and a beta of 1.46.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The business had revenue of $953.09 million during the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 146.23%. The firm’s quarterly revenue was up 40.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.57 earnings per share. Sell-side analysts expect that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, August 24th. Investors of record on Wednesday, August 12th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, August 12th. FTAI Aviation’s payout ratio is 31.75%.

Insiders Place Their Bets

In related news, Director Martin Tuchman sold 67,500 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $241.99, for a total value of $16,334,325.00. Following the sale, the director directly owned 210,491 shares of the company’s stock, valued at $50,936,717.09. This represents a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Judith A. Hannaway sold 255 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director owned 3,012 shares in the company, valued at $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 110,931 shares of company stock valued at $26,788,940. Insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FTAI. Citizens Jmp started coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price on the stock. BTIG Research raised their price target on shares of FTAI Aviation from $340.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $290.00 price target on shares of FTAI Aviation in a report on Friday. Royal Bank Of Canada dropped their price target on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Finally, Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $329.44.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.