Burling Wealth Partners LLC Sells 2,402 Shares of FTAI Aviation Ltd. $FTAI

Burling Wealth Partners LLC reduced its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 14.5% during the second quarter, Holdings Channel.com reports. The institutional investor 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 reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in FTAI Aviation by 159.6% in the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock worth $260,658,000 after acquiring an additional 1,443,440 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of FTAI Aviation by 30.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 964,529 shares of the financial services provider’s stock valued at $107,092,000 after acquiring an additional 225,920 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of FTAI Aviation by 23.0% in the first quarter. Goldman Sachs Group Inc. now owns 832,984 shares of the financial services provider’s stock valued at $92,486,000 after purchasing an additional 156,019 shares in the last quarter. Long Focus Capital Management LLC increased its position in FTAI Aviation by 64.6% in the first quarter. Long Focus Capital Management LLC now owns 790,000 shares of the financial services provider’s stock worth $87,714,000 after purchasing an additional 310,000 shares during the last quarter. Finally, Empyrean Capital Partners LP bought a new stake in FTAI Aviation in the first quarter worth $61,546,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FTAI. Weiss Ratings cut shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, November 7th. Morgan Stanley increased their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Barclays lifted their price target on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Wall Street Zen downgraded FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Royal Bank Of Canada raised their price objective on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.11.

Insider Buying and Selling

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of FTAI Aviation stock in a transaction on Thursday, November 13th. The shares were acquired at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the purchase, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by company insiders.

FTAI Aviation Trading Down 0.4%

Shares of NASDAQ:FTAI opened at $153.00 on Friday. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $194.36. The company has a market capitalization of $15.69 billion, a price-to-earnings ratio of 34.93 and a beta of 1.67. The firm’s 50-day moving average is $170.29 and its 200 day moving average is $140.37.

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

FTAI Aviation Announces Dividend

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

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.