Wells Fargo & Company MN grew its stake in Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) by 13.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,578 shares of the financial services provider’s stock after buying an additional 3,900 shares during the period. Wells Fargo & Company MN’s holdings in Fortress Transportation and Infrastructure Investors were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FTAI. BB&T Securities LLC acquired a new stake in Fortress Transportation and Infrastructure Investors during the second quarter worth approximately $166,000. Alps Advisors Inc. acquired a new stake in Fortress Transportation and Infrastructure Investors during the second quarter worth approximately $216,000. California Public Employees Retirement System acquired a new stake in Fortress Transportation and Infrastructure Investors during the first quarter worth approximately $228,000. Gamco Investors INC. ET AL grew its stake in Fortress Transportation and Infrastructure Investors by 47.4% during the second quarter. Gamco Investors INC. ET AL now owns 15,550 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 5,000 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Fortress Transportation and Infrastructure Investors by 4.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 32,915 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 1,393 shares during the period. 25.64% of the stock is owned by institutional investors.

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) opened at $18.09 on Monday. The stock has a market capitalization of $1,370.71, a P/E ratio of 201.00 and a beta of 1.92. Fortress Transportation and Infrastructure Investors LLC has a fifty-two week low of $13.02 and a fifty-two week high of $18.98.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $60.40 million for the quarter, compared to analyst estimates of $56.04 million. Fortress Transportation and Infrastructure Investors had a positive return on equity of 0.60% and a negative net margin of 2.36%. The company’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) earnings per share. equities analysts expect that Fortress Transportation and Infrastructure Investors LLC will post 0.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Friday, November 17th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.32 annualized dividend and a yield of 7.30%. Fortress Transportation and Infrastructure Investors’s payout ratio is currently -2,200.00%.

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FTAI has been the subject of several recent analyst reports. Zacks Investment Research cut Fortress Transportation and Infrastructure Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. BidaskClub cut Fortress Transportation and Infrastructure Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. TheStreet raised Fortress Transportation and Infrastructure Investors from a “c” rating to a “b-” rating in a research note on Monday, July 31st. Finally, Bank of America Corporation raised their target price on Fortress Transportation and Infrastructure Investors from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $19.63.

About Fortress Transportation and Infrastructure Investors

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

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Institutional Ownership by Quarter for Fortress Transportation and Infrastructure Investors (NYSE:FTAI)

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