31,956 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Purchased by Burling Wealth Partners LLC

Burling Wealth Partners LLC acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,956 shares of the financial services provider’s stock, valued at approximately $4,603,000.

A number of other large investors also recently added to or reduced their stakes in the business. Sara Bay Financial bought a new stake in shares of FTAI Aviation during the fourth quarter worth approximately $547,000. Ibex Wealth Advisors bought a new stake in shares of FTAI Aviation during the 4th quarter valued at $3,518,000. Rhumbline Advisers lifted its stake in shares of FTAI Aviation by 2.2% in the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after purchasing an additional 3,121 shares during the period. SeaCrest Wealth Management LLC lifted its stake in shares of FTAI Aviation by 77.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock valued at $944,000 after purchasing an additional 2,853 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of FTAI Aviation by 102.8% in the 3rd 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. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Up 4.1 %

Shares of FTAI stock opened at $95.83 on Thursday. FTAI Aviation Ltd. has a 12 month low of $69.01 and a 12 month high of $181.64. The company’s fifty day simple moving average is $108.74 and its 200-day simple moving average is $128.79. The firm has a market cap of $9.83 billion, a PE ratio of -958.20 and a beta of 1.79.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.25%. FTAI Aviation’s dividend payout ratio is -342.86%.

Analyst Ratings Changes

Several research firms have weighed in on FTAI. Morgan Stanley cut their target price on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Stifel Nicolaus restated a “hold” rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a report on Wednesday. Finally, BTIG Research boosted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $172.83.

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.