Earnest Partners LLC reduced its holdings in shares of GATX Co. (NYSE:GATX) by 4.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,642,887 shares of the transportation company’s stock after selling 81,451 shares during the period. GATX makes up 1.0% of Earnest Partners LLC’s investment portfolio, making the stock its 29th largest holding. Earnest Partners LLC’s holdings in GATX were worth $102,122,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Two Sigma Investments LP bought a new position in shares of GATX during the fourth quarter valued at about $1,872,000. Guggenheim Capital LLC lifted its position in shares of GATX by 67.5% during the fourth quarter. Guggenheim Capital LLC now owns 63,877 shares of the transportation company’s stock valued at $3,969,000 after purchasing an additional 25,746 shares in the last quarter. Deutsche Bank AG lifted its position in shares of GATX by 30.5% during the fourth quarter. Deutsche Bank AG now owns 178,822 shares of the transportation company’s stock valued at $11,113,000 after purchasing an additional 41,757 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of GATX during the fourth quarter valued at about $302,000. Finally, Alliancebernstein L.P. lifted its position in shares of GATX by 4.0% during the fourth quarter. Alliancebernstein L.P. now owns 97,269 shares of the transportation company’s stock valued at $6,046,000 after purchasing an additional 3,750 shares in the last quarter.
A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of GATX from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research lowered shares of GATX from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price objective (up previously from $56.00) on shares of GATX in a research report on Monday, January 22nd. ValuEngine raised shares of GATX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Finally, Cowen reaffirmed a “market perform” rating and issued a $69.00 price objective (up previously from $61.00) on shares of GATX in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. GATX currently has a consensus rating of “Hold” and an average price target of $67.40.
Shares of GATX Co. (NYSE:GATX) opened at $71.33 on Monday. The company has a market cap of $2,710.54, a PE ratio of 5.54, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23. The company has a debt-to-equity ratio of 2.45, a current ratio of 3.32 and a quick ratio of 3.32. GATX Co. has a 12-month low of $55.82 and a 12-month high of $73.25.
GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, January 18th. The transportation company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.04). The company had revenue of $352.80 million during the quarter, compared to the consensus estimate of $347.90 million. GATX had a return on equity of 12.15% and a net margin of 36.46%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 EPS. equities analysts forecast that GATX Co. will post 4.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 31st. Shareholders of record on Monday, March 5th will be given a $0.44 dividend. This is a positive change 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 2.47%. GATX’s payout ratio is currently 13.68%.
In other GATX news, SVP Niyi Adedoyin sold 504 shares of GATX stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $71.68, for a total value of $36,126.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP James F. Earl sold 5,177 shares of GATX stock in a transaction dated 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 transaction, the executive vice president now owns 104,359 shares of the company’s stock, valued at approximately $7,264,429.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,578 shares of company stock worth $3,452,793. Insiders own 3.50% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Earnest Partners LLC Has $102.12 Million Stake in GATX Co. (GATX)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/03/12/earnest-partners-llc-has-102-12-million-stake-in-gatx-co-gatx.html.
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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