Fortress Transprtn and Infr Investrs (NYSE:FTAI) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Fortress Transprtn and Infr Investrs (NYSE:FTAI) from a buy rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

Separately, TheStreet upgraded shares of Fortress Transprtn and Infr Investrs from a c rating to a b rating in a report on Friday, August 2nd.

Shares of NYSE:FTAI traded down $0.17 during trading hours on Tuesday, hitting $16.63. The company’s stock had a trading volume of 112,987 shares, compared to its average volume of 164,952. Fortress Transprtn and Infr Investrs has a 52 week low of $12.84 and a 52 week high of $17.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.12 and a quick ratio of 0.14. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 151.18 and a beta of 1.07. The firm’s fifty day moving average price is $15.67 and its 200 day moving average price is $15.49.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.21 by $0.09. Fortress Transprtn and Infr Investrs had a net margin of 6.97% and a return on equity of 3.62%. The business had revenue of $162.20 million during the quarter, compared to analyst estimates of $162.98 million. During the same quarter in the previous year, the business posted $0.08 EPS. The company’s quarterly revenue was up 60.3% compared to the same quarter last year. On average, equities research analysts predict that Fortress Transprtn and Infr Investrs will post 0.62 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Fortress Transprtn and Infr Investrs’s previous dividend of $0.15. Fortress Transprtn and Infr Investrs’s payout ratio is currently 1,200.00%.

In other Fortress Transprtn and Infr Investrs news, Director Martin Tuchman purchased 19,900 shares of Fortress Transprtn and Infr Investrs stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $25.69 per share, for a total transaction of $511,231.00. Following the acquisition, the director now owns 5,500 shares in the company, valued at approximately $141,295. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders bought 35,400 shares of company stock valued at $908,431. Company insiders own 1.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its position in Fortress Transprtn and Infr Investrs by 32.6% during the 2nd quarter. Morgan Stanley now owns 1,150,463 shares of the financial services provider’s stock worth $17,372,000 after purchasing an additional 282,720 shares during the last quarter. American Assets Capital Advisers LLC grew its position in Fortress Transprtn and Infr Investrs by 9.8% during the 2nd quarter. American Assets Capital Advisers LLC now owns 1,338,134 shares of the financial services provider’s stock worth $21,932,000 after purchasing an additional 119,406 shares during the last quarter. Ardsley Advisory Partners LP grew its position in Fortress Transprtn and Infr Investrs by 5.3% during the 2nd quarter. Ardsley Advisory Partners LP now owns 2,028,067 shares of the financial services provider’s stock worth $30,583,000 after purchasing an additional 101,317 shares during the last quarter. Bank of America Corp DE grew its position in Fortress Transprtn and Infr Investrs by 14.3% during the 2nd quarter. Bank of America Corp DE now owns 726,019 shares of the financial services provider’s stock worth $10,962,000 after purchasing an additional 90,975 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Fortress Transprtn and Infr Investrs by 21.0% during the 2nd quarter. Wells Fargo & Company MN now owns 449,545 shares of the financial services provider’s stock worth $6,788,000 after purchasing an additional 78,090 shares during the last quarter. Hedge funds and other institutional investors own 30.96% of the company’s stock.

About Fortress Transprtn and Infr Investrs

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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