Teacher Retirement System of Texas Has $9.25 Million Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Teacher Retirement System of Texas cut its position in FTAI Aviation Ltd. (NYSE:FTAI) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,218 shares of the financial services provider’s stock after selling 9,551 shares during the period. Teacher Retirement System of Texas’ holdings in FTAI Aviation were worth $9,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. boosted its position in FTAI Aviation by 10.4% in the fourth quarter. Xponance Inc. now owns 7,327 shares of the financial services provider’s stock valued at $1,055,000 after buying an additional 688 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of FTAI Aviation by 77.1% during the fourth quarter. Intech Investment Management LLC now owns 48,660 shares of the financial services provider’s stock worth $7,009,000 after purchasing an additional 21,185 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of FTAI Aviation by 38.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 45,128 shares of the financial services provider’s stock worth $6,500,000 after purchasing an additional 12,535 shares in the last quarter. Freemont Management S.A. acquired a new position in shares of FTAI Aviation during the fourth quarter worth approximately $1,440,000. Finally, Axxcess Wealth Management LLC lifted its position in shares of FTAI Aviation by 10.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,965 shares of the financial services provider’s stock worth $571,000 after purchasing an additional 362 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI opened at $107.23 on Friday. FTAI Aviation Ltd. has a 52 week low of $65.00 and a 52 week high of $181.64. The company has a market capitalization of $11.00 billion, a PE ratio of -1,072.19 and a beta of 2.06. The company has a 50 day moving average price of $113.51 and a two-hundred day moving average price of $133.11.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, March 14th. FTAI Aviation’s payout ratio is presently -342.86%.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of research reports. BTIG Research upped their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. Stifel Nicolaus reiterated a “hold” rating and set a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Compass Point upped their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Barclays boosted their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $173.67.

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.