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

Teachers Retirement System of The State of Kentucky increased its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 21.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 65,030 shares of the financial services provider’s stock after acquiring an additional 11,457 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in FTAI Aviation were worth $10,851,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mather Group LLC. acquired a new stake in shares of FTAI Aviation in the third quarter valued at about $28,000. Global Retirement Partners LLC raised its stake in shares of FTAI Aviation by 880.0% during the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 308 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of FTAI Aviation by 15.8% in the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after buying an additional 87 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of FTAI Aviation by 22.7% in the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock valued at $88,000 after buying an additional 97 shares in the last quarter. Finally, Rossby Financial LCC increased its holdings in FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after buying an additional 65 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FTAI. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Barclays increased their price target on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Citizens Jmp raised their target price on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Jefferies Financial Group restated a “buy” rating and set a $350.00 price objective on shares of FTAI Aviation in a research report on Monday, February 9th. Finally, Royal Bank Of Canada upped their price objective on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $292.22.

FTAI Aviation Stock Performance

Shares of NASDAQ FTAI opened at $281.75 on Wednesday. FTAI Aviation Ltd. has a 52 week low of $81.45 and a 52 week high of $323.51. The stock’s fifty day moving average is $260.72 and its 200 day moving average is $199.73. The stock has a market capitalization of $28.90 billion, a P/E ratio of 60.98 and a beta of 1.50.

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

FTAI Aviation Dividend Announcement

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

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.