Burling Wealth Partners LLC Cuts Stock Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

Burling Wealth Partners LLC lowered its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 48.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,517 shares of the financial services provider's stock after selling 15,439 shares during the quarter. Burling Wealth Partners LLC's holdings in FTAI Aviation were worth $1,834,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC grew its stake in FTAI Aviation by 104.3% in the 4th quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider's stock valued at $66,750,000 after acquiring an additional 236,556 shares during the period. Cynosure Group LLC acquired a new stake in FTAI Aviation in the 4th quarter valued at $321,000. Harbor Capital Advisors Inc. grew its stake in FTAI Aviation by 27.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider's stock valued at $16,405,000 after acquiring an additional 31,694 shares during the period. WCM Investment Management LLC grew its stake in FTAI Aviation by 11.2% in the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock valued at $27,200,000 after acquiring an additional 24,296 shares during the period. Finally, GAMMA Investing LLC grew its stake in FTAI Aviation by 24,780.1% in the 1st quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock valued at $5,276,000 after acquiring an additional 47,330 shares during the period. Institutional investors and hedge funds own 88.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FTAI shares. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price on the stock in a research note on Friday, May 2nd. Morgan Stanley lowered their target price on shares of 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 lowered their target price on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, JMP Securities lowered their target price on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $171.83.

Insider Activity at FTAI Aviation

In related news, insider Stacy Kuperus acquired 1,087 shares of FTAI Aviation stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the acquisition, the insider owned 88,423 shares in the company, valued at approximately $8,214,496.70. This represents a 1.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO David Moreno acquired 6,580 shares of FTAI Aviation stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the acquisition, the chief operating officer owned 231,623 shares in the company, valued at $21,969,441.55. This trade represents a 2.92% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 10,667 shares of company stock worth $1,008,715. Company insiders own 1.30% of the company's stock.

FTAI Aviation Stock Performance

Shares of NASDAQ FTAI traded down $2.06 during trading on Friday, hitting $113.59. 822,465 shares of the company were exchanged, compared to its average volume of 2,422,816. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64. The company has a fifty day moving average price of $119.00 and a 200-day moving average price of $115.27. The firm has a market capitalization of $11.65 billion, a PE ratio of 540.90 and a beta of 1.62.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a return on equity of 438.32% and a net margin of 3.74%. The company's revenue was up 53.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. Research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were issued a $0.30 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.06%. FTAI Aviation's dividend payout ratio (DPR) is currently 571.43%.

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.