Burling Wealth Partners LLC Reduces Stock Position in FTAI Aviation Ltd. $FTAI

Burling Wealth Partners LLC lessened its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 14.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,115 shares of the financial services provider’s stock after selling 2,402 shares during the period. Burling Wealth Partners LLC’s holdings in FTAI Aviation were worth $1,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtus Advisers LLC purchased a new position in shares of FTAI Aviation in the 1st quarter worth $29,000. Parallel Advisors LLC lifted its holdings in FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 135 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in FTAI Aviation in the first quarter worth about $53,000. Armstrong Advisory Group Inc. bought a new stake in shares of FTAI Aviation during the 2nd quarter valued at about $60,000. Finally, Assetmark Inc. grew its stake in shares of FTAI Aviation by 15.8% during the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 87 shares during the period. 88.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FTAI. Jones Trading assumed coverage on shares of FTAI Aviation in a report on Friday, October 10th. They issued a “buy” rating and a $306.00 price objective on the stock. BTIG Research reissued a “buy” rating and set a $230.00 price objective on shares of FTAI Aviation in a research report on Monday, October 20th. Royal Bank Of Canada upped their price objective on FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Finally, JMP Securities boosted their price target on FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.11.

Insider Buying and Selling

In related news, COO David Moreno acquired 4,354 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average cost of $153.89 per share, with a total value of $670,037.06. Following the acquisition, the chief operating officer directly owned 4,354 shares in the company, valued at $670,037.06. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $153.00 on Friday. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $194.36. The company’s fifty day moving average price is $170.29 and its 200-day moving average price is $140.37. The company has a market capitalization of $15.69 billion, a price-to-earnings ratio of 34.93 and a beta of 1.67.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The business had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The company’s quarterly revenue was up 43.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. Equities research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is 31.96%.

FTAI Aviation 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.