Commonwealth Equity Services LLC Reduces Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Commonwealth Equity Services LLC lessened its position in FTAI Aviation Ltd. (NYSE:FTAI) by 62.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,077 shares of the financial services provider’s stock after selling 5,114 shares during the period. Commonwealth Equity Services LLC’s holdings in FTAI Aviation were worth $443,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after purchasing an additional 208,613 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of FTAI Aviation by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after buying an additional 182,252 shares during the last quarter. Barclays PLC increased its stake in shares of FTAI Aviation by 73.5% during the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider’s stock valued at $28,520,000 after buying an additional 90,905 shares during the period. Zweig DiMenna Associates LLC bought a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $12,540,000. Finally, Harbor Capital Advisors Inc. lifted its stake in FTAI Aviation by 148.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 116,059 shares of the financial services provider’s stock worth $16,717,000 after acquiring an additional 69,260 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $88.32 on Friday. The company’s 50-day moving average is $112.69 and its 200 day moving average is $132.49. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of -883.11 and a beta of 1.78. FTAI Aviation Ltd. has a one year low of $66.22 and a one year high of $181.64.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. FTAI Aviation’s payout ratio is currently -342.86%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FTAI. Stifel Nicolaus reissued a “hold” rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research report on Friday, January 10th. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. BTIG Research upped their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Finally, StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.