Teachers Retirement System of The State of Kentucky Has $10.85 Million Stock Position in FTAI Aviation Ltd. $FTAI

Teachers Retirement System of The State of Kentucky raised its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 21.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,030 shares of the financial services provider’s stock after buying an additional 11,457 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.06% of FTAI Aviation worth $10,851,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FTAI. LDR Capital Management LLC acquired a new position in shares of FTAI Aviation during the third quarter valued at $1,102,000. Diversified Trust Co bought a new stake in FTAI Aviation during the 3rd quarter worth about $2,846,000. Asset Management One Co. Ltd. acquired a new position in FTAI Aviation during the 3rd quarter valued at about $2,056,000. Hiddenite Capital Partners LP boosted its stake in shares of FTAI Aviation by 12.9% in the 3rd quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider’s stock valued at $13,182,000 after purchasing an additional 9,000 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of FTAI Aviation by 396.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after buying an additional 664,037 shares during the period. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

NASDAQ FTAI opened at $281.75 on Wednesday. The stock has a market cap of $28.90 billion, a price-to-earnings ratio of 60.98 and a beta of 1.50. The business has a 50 day simple moving average of $260.72 and a 200 day simple moving average of $199.73. FTAI Aviation Ltd. has a 52-week low of $81.45 and a 52-week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $662.03 million during the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 337.39%. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. On average, analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 13th. FTAI Aviation’s dividend payout ratio (DPR) is presently 30.30%.

Analysts Set New Price Targets

FTAI has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price objective on shares of FTAI Aviation in a research note on Monday, February 9th. Morgan Stanley increased their target price on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Barclays raised their target price on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $292.22.

FTAI Aviation Company Profile

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.