Nisa Investment Advisors LLC Cuts Holdings in GATX Co. (GATX)

Nisa Investment Advisors LLC lowered its stake in shares of GATX Co. (NYSE:GATX) by 26.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,500 shares of the transportation company’s stock after selling 6,700 shares during the quarter. Nisa Investment Advisors LLC’s holdings in GATX were worth $1,150,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd bought a new stake in GATX in the 3rd quarter valued at $5,199,000. State Street Corp increased its holdings in GATX by 4.5% in the 2nd quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock valued at $89,470,000 after buying an additional 59,729 shares during the period. Prudential Financial Inc. increased its holdings in GATX by 32.5% in the 3rd quarter. Prudential Financial Inc. now owns 211,476 shares of the transportation company’s stock valued at $13,018,000 after buying an additional 51,840 shares during the period. JPMorgan Chase & Co. increased its holdings in GATX by 7,147.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,386 shares of the transportation company’s stock valued at $2,921,000 after buying an additional 45,746 shares during the period. Finally, Northern Trust Corp increased its holdings in GATX by 4.3% in the 2nd quarter. Northern Trust Corp now owns 1,085,985 shares of the transportation company’s stock valued at $69,796,000 after buying an additional 45,088 shares during the period.

Shares of GATX Co. (GATX) traded up $1.99 during midday trading on Wednesday, reaching $69.29. 387,150 shares of the company traded hands, compared to its average volume of 408,341. The firm has a market cap of $2,550.01, a P/E ratio of 5.23, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25. The company has a current ratio of 3.32, a quick ratio of 3.13 and a debt-to-equity ratio of 2.45. GATX Co. has a 1-year low of $55.82 and a 1-year high of $72.96.

GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, January 18th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). The company had revenue of $352.80 million for the quarter, compared to analyst estimates of $347.90 million. GATX had a return on equity of 12.15% and a net margin of 36.46%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. research analysts predict that GATX Co. will post 4.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 31st. Investors of record on Monday, March 5th will be given a dividend of $0.44 per share. This is an increase from GATX’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, March 2nd. This represents a $1.76 annualized dividend and a yield of 2.54%. GATX’s dividend payout ratio is 13.05%.

In related news, EVP James F. Earl sold 5,177 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $69.61, for a total transaction of $360,370.97. Following the transaction, the executive vice president now owns 104,359 shares in the company, valued at approximately $7,264,429.99. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Michael T. Brooks sold 8,960 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $71.53, for a total transaction of $640,908.80. Following the transaction, the senior vice president now owns 21,260 shares in the company, valued at approximately $1,520,727.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,855 shares of company stock worth $3,118,786. 3.50% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of GATX from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Cowen reaffirmed a “market perform” rating and issued a $69.00 target price (up previously from $61.00) on shares of GATX in a report on Friday, January 19th. Citigroup upped their target price on shares of GATX from $71.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $56.00 target price on shares of GATX in a report on Tuesday, October 17th. Finally, Seaport Global Securities assumed coverage on shares of GATX in a report on Thursday, January 4th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $67.40.

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About GATX

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.

Institutional Ownership by Quarter for GATX (NYSE:GATX)

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