Gateway Investment Advisers LLC trimmed its holdings in GATX Co. (NYSE:GATX) by 23.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,906 shares of the transportation company’s stock after selling 19,077 shares during the quarter. Gateway Investment Advisers LLC owned about 0.16% of GATX worth $3,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Riverhead Capital Management LLC lifted its stake in shares of GATX by 55.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 831 shares during the period. Advisor Group Inc. lifted its stake in shares of GATX by 15.5% in the 2nd quarter. Advisor Group Inc. now owns 2,519 shares of the transportation company’s stock valued at $161,000 after purchasing an additional 338 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of GATX in the 2nd quarter valued at about $215,000. Crossmark Global Holdings Inc. acquired a new position in shares of GATX in the 3rd quarter valued at about $233,000. Finally, Flinton Capital Management LLC lifted its stake in shares of GATX by 51.7% in the 2nd quarter. Flinton Capital Management LLC now owns 3,696 shares of the transportation company’s stock valued at $237,000 after purchasing an additional 1,260 shares during the period.
Shares of GATX Co. (NYSE:GATX) traded up $1.99 during trading on Wednesday, reaching $69.29. The company had a trading volume of 387,150 shares, compared to its average volume of 408,341. GATX Co. has a twelve month low of $55.82 and a twelve month high of $72.96. The company has a market cap of $2,550.01, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25. The company has a debt-to-equity ratio of 2.45, a current ratio of 3.32 and a quick ratio of 3.13.
GATX (NYSE:GATX) last issued its earnings results on Thursday, January 18th. The transportation company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). GATX had a net margin of 36.46% and a return on equity of 12.15%. The firm had revenue of $352.80 million during the quarter, compared to the consensus estimate of $347.90 million. During the same period in the previous year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was down 2.6% on a year-over-year basis. sell-side analysts predict that GATX Co. will post 4.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 31st. Investors of record on Monday, March 5th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.54%. This is a positive change from GATX’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, March 2nd. GATX’s payout ratio is presently 13.05%.
A number of brokerages have recently issued reports on GATX. Citigroup boosted their price objective on GATX from $71.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price objective (up from $56.00) on shares of GATX in a research note on Monday, January 22nd. Cowen reissued a “market perform” rating and issued a $69.00 price objective (up from $61.00) on shares of GATX in a research note on Friday, January 19th. Seaport Global Securities began coverage on GATX in a research note on Thursday, January 4th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research raised GATX from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Wednesday, December 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. GATX presently has an average rating of “Hold” and an average price target of $67.40.
In other GATX news, EVP James F. Earl sold 5,177 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $69.61, for a total transaction of $360,370.97. Following the completion of the sale, the executive vice president now directly owns 104,359 shares of the company’s stock, valued at approximately $7,264,429.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James F. Earl sold 3,536 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $71.56, for a total value of $253,036.16. Following the sale, the executive vice president now directly owns 31,618 shares of the company’s stock, valued at $2,262,584.08. The disclosure for this sale can be found here. Insiders sold a total of 43,855 shares of company stock valued at $3,118,786 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.
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GATX 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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