Parametric Portfolio Associates LLC increased its stake in GATX Corporation (NYSE:GATX) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,081 shares of the transportation company’s stock after purchasing an additional 3,574 shares during the quarter. Parametric Portfolio Associates LLC owned 0.46% of GATX Corporation worth $11,445,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Shine Investment Advisory Services Inc. purchased a new stake in GATX Corporation in the second quarter worth approximately $118,000. IFP Advisors Inc boosted its holdings in GATX Corporation by 2.9% in the second quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock worth $145,000 after purchasing an additional 64 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in GATX Corporation by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock worth $150,000 after purchasing an additional 831 shares during the last quarter. Advisor Group Inc. boosted its holdings in GATX Corporation by 15.5% in the second quarter. Advisor Group Inc. now owns 2,519 shares of the transportation company’s stock worth $161,000 after purchasing an additional 338 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in GATX Corporation by 17.6% in the second quarter. LS Investment Advisors LLC now owns 3,133 shares of the transportation company’s stock worth $201,000 after purchasing an additional 469 shares during the last quarter.
Shares of GATX Corporation (GATX) opened at 62.66 on Thursday. GATX Corporation has a one year low of $42.21 and a one year high of $66.30. The company has a market capitalization of $2.43 billion, a P/E ratio of 10.56 and a beta of 1.20. The firm has a 50-day moving average of $60.99 and a 200-day moving average of $61.38.
GATX Corporation (NYSE:GATX) last posted its quarterly earnings data on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.21. The business had revenue of $348.40 million for the quarter, compared to the consensus estimate of $352.64 million. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.49 earnings per share. Analysts forecast that GATX Corporation will post $4.60 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Thursday, September 14th. GATX Corporation’s payout ratio is 28.38%.
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In other GATX Corporation news, VP Jeffery R. Young sold 2,910 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total transaction of $170,817.00. Following the transaction, the vice president now directly owns 6,881 shares of the company’s stock, valued at $403,914.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.
Several equities research analysts recently issued reports on GATX shares. Axiom Securities restated a “sell” rating on shares of GATX Corporation in a report on Friday, June 16th. Zacks Investment Research cut shares of GATX Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Citigroup Inc. dropped their price target on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Stifel Nicolaus upgraded shares of GATX Corporation from a “sell” rating to a “hold” rating and lifted their price target for the stock from $50.00 to $54.00 in a research note on Monday, July 17th. Finally, Buckingham Research assumed coverage on shares of GATX Corporation in a research note on Wednesday, June 21st. They set a “neutral” rating and a $64.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $57.50.
GATX Corporation Company Profile
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
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