Sequoia Financial Advisors LLC Buys 426 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Sequoia Financial Advisors LLC grew its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,562 shares of the financial services provider’s stock after buying an additional 426 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in FTAI Aviation were worth $2,530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTAI. Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation in the third quarter worth $26,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation during the third quarter valued at $31,000. Private Trust Co. NA boosted its position in FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in FTAI Aviation during the fourth quarter valued at $36,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 189 shares during the period. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Up 3.1 %

FTAI opened at $104.31 on Friday. The company has a 50 day moving average of $119.45 and a 200 day moving average of $133.63. The company has a market cap of $10.70 billion, a PE ratio of -1,043.00 and a beta of 2.06. FTAI Aviation Ltd. has a 12 month low of $57.73 and a 12 month high of $181.64.

FTAI Aviation Announces Dividend

The company 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 payout ratio is -342.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. 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 report on Friday, January 10th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Saturday. Barclays increased their price objective 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. Finally, BTIG Research increased their price objective 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. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Company 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.