California State Teachers Retirement System Has $10.84 Billion Stake in FTAI Aviation Ltd. $FTAI

California State Teachers Retirement System grew its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 33,634.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,055,754 shares of the financial services provider’s stock after acquiring an additional 39,937,016 shares during the period. California State Teachers Retirement System owned 0.39% of FTAI Aviation worth $10,836,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FTAI. Root Financial Partners LLC grew its position in FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 45 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in FTAI Aviation by 1.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock valued at $877,000 after purchasing an additional 52 shares during the last quarter. MetLife Investment Management LLC boosted its stake in FTAI Aviation by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock worth $1,295,000 after purchasing an additional 57 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares in the last quarter. Finally, Compound Planning Inc. grew its holdings in shares of FTAI Aviation by 2.7% during the first quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 60 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Up 0.2%

Shares of NASDAQ FTAI opened at $196.69 on Wednesday. FTAI Aviation Ltd. has a twelve month low of $149.50 and a twelve month high of $323.51. The stock has a market cap of $20.20 billion, a price-to-earnings ratio of 42.76, a P/E/G ratio of 0.98 and a beta of 1.51. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The company’s fifty day moving average is $212.93 and its 200-day moving average is $240.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The firm had revenue of $953.09 million during the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm’s quarterly revenue was up 40.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. Equities research analysts predict that FTAI Aviation Ltd. will post 5.48 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is 43.48%.

Insider Activity

In other FTAI Aviation news, President David Moreno purchased 2,475 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $201.27 per share, with a total value of $498,143.25. Following the completion of the transaction, the president directly owned 199,490 shares in the company, valued at $40,151,352.30. This trade represents a 1.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FTAI shares. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a research note on Friday, July 31st. Jefferies Financial Group reissued a “buy” rating and set a $325.00 price objective on shares of FTAI Aviation in a report on Sunday, August 2nd. Weiss Ratings cut shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Morgan Stanley boosted their target price on shares of FTAI Aviation from $319.00 to $360.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Finally, Citizens Jmp assumed 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. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $320.11.

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.