Winslow Asset Management Inc. reduced its holdings in GATX Co. (NYSE:GATX) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 114,206 shares of the transportation company’s stock after selling 8,395 shares during the period. GATX accounts for about 1.8% of Winslow Asset Management Inc.’s portfolio, making the stock its 22nd largest holding. Winslow Asset Management Inc.’s holdings in GATX were worth $9,889,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of GATX. Dynamic Technology Lab Private Ltd bought a new position in shares of GATX in the 2nd quarter valued at about $587,000. Synovus Financial Corp grew its position in shares of GATX by 7.2% in the 2nd quarter. Synovus Financial Corp now owns 10,104 shares of the transportation company’s stock valued at $748,000 after acquiring an additional 676 shares during the period. Janus Henderson Group PLC grew its position in shares of GATX by 20.6% in the 2nd quarter. Janus Henderson Group PLC now owns 849,712 shares of the transportation company’s stock valued at $63,074,000 after acquiring an additional 145,019 shares during the period. BlackRock Inc. grew its position in shares of GATX by 1.4% in the 2nd quarter. BlackRock Inc. now owns 4,280,856 shares of the transportation company’s stock valued at $317,768,000 after acquiring an additional 58,854 shares during the period. Finally, Mutual of America Capital Management LLC grew its position in shares of GATX by 3.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 32,230 shares of the transportation company’s stock valued at $2,392,000 after acquiring an additional 1,008 shares during the period.
A number of research analysts have recently commented on GATX shares. Mizuho began coverage on shares of GATX in a research report on Thursday, June 28th. They issued a “buy” rating and a $88.00 price objective for the company. ValuEngine raised shares of GATX from a “hold” rating to a “buy” rating in a report on Friday, June 29th. Zacks Investment Research downgraded shares of GATX from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Stifel Nicolaus set a $78.00 target price on shares of GATX and gave the stock a “hold” rating in a report on Thursday, July 19th. Finally, Buckingham Research lifted their target price on shares of GATX from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. GATX has an average rating of “Hold” and an average target price of $81.33.
Shares of GATX stock traded down $1.86 during midday trading on Thursday, hitting $82.41. 15,668 shares of the company were exchanged, compared to its average volume of 286,203. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.14 and a beta of 1.38. The company has a debt-to-equity ratio of 2.43, a quick ratio of 2.77 and a current ratio of 2.77. GATX Co. has a 52 week low of $56.00 and a 52 week high of $91.12.
GATX (NYSE:GATX) last issued its quarterly earnings data on Thursday, July 19th. The transportation company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.24. GATX had a net margin of 37.03% and a return on equity of 11.34%. The business had revenue of $349.50 million during the quarter, compared to analysts’ expectations of $340.50 million. During the same quarter in the previous year, the company earned $1.32 EPS. The business’s revenue was up .3% on a year-over-year basis. Sell-side analysts forecast that GATX Co. will post 5.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 30th. Shareholders of record on Friday, September 14th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Thursday, September 13th. GATX’s dividend payout ratio (DPR) is 37.45%.
In other news, CEO Brian A. Kenney sold 20,743 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $85.94, for a total value of $1,782,653.42. Following the completion of the transaction, the chief executive officer now directly owns 238,111 shares in the company, valued at approximately $20,463,259.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP James M. Conniff sold 492 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $85.64, for a total transaction of $42,134.88. Following the completion of the transaction, the vice president now owns 2,200 shares of the company’s stock, valued at $188,408. The disclosure for this sale can be found here. Insiders sold a total of 43,668 shares of company stock valued at $3,708,000 in the last quarter. Corporate insiders own 3.63% of the company’s stock.
GATX Company Profile
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.
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