California Public Employees Retirement System Increases Holdings in Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI)

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California Public Employees Retirement System raised its position in Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) by 6.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 112,754 shares of the financial services provider’s stock after acquiring an additional 7,047 shares during the period. California Public Employees Retirement System’s holdings in Fortress Transprtn and Infr Investrs were worth $1,929,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. JNBA Financial Advisors acquired a new stake in Fortress Transprtn and Infr Investrs in the fourth quarter valued at approximately $69,000. Comerica Bank purchased a new position in shares of Fortress Transprtn and Infr Investrs during the first quarter valued at approximately $315,000. Sage Rhino Capital LLC purchased a new position in shares of Fortress Transprtn and Infr Investrs during the first quarter valued at approximately $357,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Fortress Transprtn and Infr Investrs by 2.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 39,946 shares of the financial services provider’s stock valued at $573,000 after buying an additional 973 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Fortress Transprtn and Infr Investrs by 21.0% during the fourth quarter. Flinton Capital Management LLC now owns 40,800 shares of the financial services provider’s stock valued at $585,000 after buying an additional 7,088 shares during the last quarter. 31.84% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on FTAI. ValuEngine cut Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Zacks Investment Research cut Fortress Transprtn and Infr Investrs from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 28th. TheStreet cut Fortress Transprtn and Infr Investrs from a “b-” rating to a “c+” rating in a research report on Wednesday, May 1st. Finally, Stephens set a $19.00 target price on Fortress Transprtn and Infr Investrs and gave the company a “buy” rating in a research report on Friday, March 1st.

Shares of NYSE:FTAI opened at $15.11 on Thursday. The company has a market cap of $1.29 billion, a P/E ratio of 759.00 and a beta of 1.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.17 and a current ratio of 0.17. Fortress Transprtn and Infr Investrs LLC has a 12-month low of $12.84 and a 12-month high of $19.35.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last announced its earnings results on Thursday, May 2nd. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.14). The company had revenue of $124.63 million for the quarter, compared to analysts’ expectations of $122.89 million. Fortress Transprtn and Infr Investrs had a net margin of 0.02% and a return on equity of 0.04%. The firm’s quarterly revenue was up 81.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) EPS. As a group, research analysts predict that Fortress Transprtn and Infr Investrs LLC will post 0.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 17th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.32 annualized dividend and a dividend yield of 8.74%. Fortress Transprtn and Infr Investrs’s payout ratio is 1,200.00%.

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Fortress Transprtn and Infr Investrs Profile

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.

Further Reading: What is the yield curve?

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Institutional Ownership by Quarter for Fortress Transprtn and Infr Investrs (NYSE:FTAI)

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