EverSource Wealth Advisors LLC Has $362,000 Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

EverSource Wealth Advisors LLC trimmed its position in FTAI Aviation Ltd. (NYSE:FTAI) by 19.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,514 shares of the financial services provider’s stock after selling 604 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in FTAI Aviation were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation in the third quarter worth $26,000. Anchor Investment Management LLC acquired a new stake in shares of FTAI Aviation in the third quarter worth $31,000. Private Trust Co. NA lifted its stake in shares of FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after buying an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTAI Aviation in the fourth quarter worth $36,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after buying an additional 189 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $104.31 on Friday. The firm has a market capitalization of $10.70 billion, a PE ratio of -1,043.00 and a beta of 2.06. The company’s fifty day moving average price is $119.45 and its two-hundred day moving average price is $133.63. FTAI Aviation Ltd. has a 52-week low of $57.73 and a 52-week high of $181.64.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FTAI shares. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Saturday. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Friday, January 10th. Barclays upped their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. BTIG Research upped their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $173.67.

About FTAI Aviation

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.