Fortress Transprtn and Infr Investrs LLC (FTAI) is Dow Chemical Co. DE’s 3rd Largest Position

Dow Chemical Co. DE lowered its position in Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,937,864 shares of the financial services provider’s stock after selling 400,618 shares during the quarter. Fortress Transprtn and Infr Investrs accounts for 14.6% of Dow Chemical Co. DE’s investment portfolio, making the stock its 3rd biggest position. Dow Chemical Co. DE owned 3.55% of Fortress Transprtn and Infr Investrs worth $59,898,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Kayne Anderson Capital Advisors LP acquired a new position in Fortress Transprtn and Infr Investrs in the third quarter valued at $180,000. First Allied Advisory Services Inc. raised its position in Fortress Transprtn and Infr Investrs by 1.6% in the second quarter. First Allied Advisory Services Inc. now owns 11,449 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 175 shares during the period. Stifel Financial Corp raised its position in Fortress Transprtn and Infr Investrs by 4.9% in the second quarter. Stifel Financial Corp now owns 21,300 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 1,000 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Fortress Transprtn and Infr Investrs by 22.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 24,062 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 4,334 shares during the period. Finally, Summit Securities Group LLC purchased a new position in Fortress Transprtn and Infr Investrs in the third quarter valued at about $444,000. Hedge funds and other institutional investors own 25.63% of the company’s stock.

In related news, Director Martin Tuchman acquired 25,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were bought at an average cost of $18.65 per share, with a total value of $466,250.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.

FTAI has been the topic of several research reports. BidaskClub lowered Fortress Transprtn and Infr Investrs from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research raised Fortress Transprtn and Infr Investrs from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, November 7th. Finally, Bank of America raised their price objective on Fortress Transprtn and Infr Investrs from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $20.67.

Fortress Transprtn and Infr Investrs LLC (NYSE FTAI) opened at $16.88 on Friday. Fortress Transprtn and Infr Investrs LLC has a 52-week low of $14.25 and a 52-week high of $20.13. The company has a market capitalization of $1,397.31, a PE ratio of 187.56 and a beta of 1.55.

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About Fortress Transprtn and Infr Investrs

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.

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

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