Teachers Retirement System of The State of Kentucky Sells 3,534 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Teachers Retirement System of The State of Kentucky cut its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 6.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 55,179 shares of the financial services provider’s stock after selling 3,534 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in FTAI Aviation were worth $3,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FTAI. CWM LLC bought a new position in FTAI Aviation in the 4th quarter valued at $43,000. USA Financial Formulas lifted its holdings in shares of FTAI Aviation by 1,684.6% during the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 1,533 shares during the last quarter. Tucker Asset Management LLC lifted its holdings in shares of FTAI Aviation by 726.5% during the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 1,453 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in FTAI Aviation in the fourth quarter worth $109,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of FTAI Aviation during the fourth quarter valued at about $205,000. 88.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Joseph P. Jr. Adams bought 59,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was purchased at an average price of $82.00 per share, for a total transaction of $4,838,000.00. Following the acquisition, the chief executive officer now owns 197,382 shares of the company’s stock, valued at $16,185,324. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FTAI. Wolfe Research cut shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 10th. Compass Point increased their price objective on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of FTAI Aviation from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Benchmark reissued a “buy” rating and issued a $100.00 price objective on shares of FTAI Aviation in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada increased their price objective on shares of FTAI Aviation from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.90.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI traded down $6.96 on Friday, reaching $101.96. The company’s stock had a trading volume of 1,633,253 shares, compared to its average volume of 1,476,523. FTAI Aviation Ltd. has a 52-week low of $32.09 and a 52-week high of $117.45. The company has a market cap of $10.22 billion, a P/E ratio of 54.73 and a beta of 2.03. The company has a 50-day simple moving average of $96.83 and a 200 day simple moving average of $75.47.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th will be paid a $0.30 dividend. The ex-dividend date is Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. FTAI Aviation’s payout ratio is currently 54.79%.

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.