Burling Wealth Partners LLC Takes $4.60 Million Position in FTAI Aviation Ltd. (NYSE:FTAI)

Burling Wealth Partners LLC acquired a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,956 shares of the financial services provider's stock, valued at approximately $4,603,000.

Other large investors have also recently added to or reduced their stakes in the company. Capital International Investors boosted its stake in shares of FTAI Aviation by 39.7% during the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after purchasing an additional 3,034,838 shares during the last quarter. Norges Bank purchased a new position in shares of FTAI Aviation during the 4th quarter worth about $183,688,000. William Blair Investment Management LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter worth approximately $174,372,000. Clearbridge Investments LLC grew its holdings in FTAI Aviation by 104.3% in the fourth quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider's stock valued at $66,750,000 after purchasing an additional 236,556 shares during the period. Finally, Wellington Management Group LLP increased its position in FTAI Aviation by 35.1% during the fourth quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider's stock worth $130,240,000 after purchasing an additional 234,874 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 0.3 %

FTAI Aviation stock traded down $0.30 on Tuesday, hitting $107.93. The company's stock had a trading volume of 341,148 shares, compared to its average volume of 2,804,207. The firm has a market cap of $11.07 billion, a P/E ratio of -1,079.38 and a beta of 1.79. The company has a fifty day moving average price of $107.86 and a 200-day moving average price of $127.75. FTAI Aviation Ltd. has a one year low of $70.08 and a one year high of $181.64.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation's dividend payout ratio (DPR) is presently -342.86%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FTAI. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Morgan Stanley lowered their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. 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 note on Monday, March 3rd. Finally, Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $172.83.

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.