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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTAI. Transce3nd LLC purchased a new position in shares of FTAI Aviation during the 4th quarter valued at $29,000. Anchor Investment Management LLC purchased a new position in FTAI Aviation in the 3rd quarter worth approximately $31,000. Private Trust Co. NA increased its stake in FTAI Aviation by 221.1% in 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 position in shares of FTAI Aviation during the 4th quarter valued at about $36,000. Finally, Blue Trust Inc. purchased a new position in shares of FTAI Aviation during the fourth quarter worth approximately $56,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FTAI shares. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a research report on Friday, January 10th. BTIG Research boosted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Royal Bank of Canada reiterated an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. Finally, Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $172.83.

FTAI Aviation Stock Performance

NYSE:FTAI traded up $3.38 during mid-day trading on Monday, hitting $108.22. 1,161,794 shares of the company's stock traded hands, compared to its average volume of 1,705,891. The company has a fifty day moving average of $108.21 and a 200 day moving average of $128.01. The company has a market capitalization of $11.10 billion, a P/E ratio of -1,082.09 and a beta of 1.79. FTAI Aviation Ltd. has a twelve month low of $69.93 and a twelve month high of $181.64.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Friday, March 14th. FTAI Aviation's dividend payout ratio (DPR) is -342.86%.

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.