Oppenheimer & Co. Inc. lowered its holdings in shares of GATX Co. (NYSE:GATX) by 4.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,703 shares of the transportation company’s stock after selling 698 shares during the period. Oppenheimer & Co. Inc.’s holdings in GATX were worth $1,045,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Lighthouse Financial Advisors Inc. acquired a new position in shares of GATX during the 4th quarter worth $42,000. First Bank & Trust raised its holdings in shares of GATX by 18.1% during the 1st quarter. First Bank & Trust now owns 1,198 shares of the transportation company’s stock worth $75,000 after buying an additional 184 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in GATX by 15.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,817 shares of the transportation company’s stock worth $176,000 after purchasing an additional 373 shares in the last quarter. Strs Ohio increased its holdings in GATX by 23.1% in the 1st quarter. Strs Ohio now owns 3,200 shares of the transportation company’s stock worth $200,000 after purchasing an additional 600 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in GATX by 27.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,444 shares of the transportation company’s stock worth $202,000 after purchasing an additional 526 shares in the last quarter.
NYSE GATX opened at $61.88 on Friday. The business’s 50-day moving average price is $57.88 and its two-hundred day moving average price is $72.25. GATX Co. has a 12 month low of $50.69 and a 12 month high of $86.01. The firm has a market capitalization of $2.15 billion, a PE ratio of 10.80 and a beta of 1.06. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 3.12.
GATX (NYSE:GATX) last released its quarterly earnings results on Monday, May 4th. The transportation company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. GATX had a return on equity of 11.26% and a net margin of 15.59%. The firm had revenue of $308.90 million for the quarter, compared to analyst estimates of $310.20 million. During the same quarter in the previous year, the company posted $1.12 EPS. The business’s revenue was down 2.6% on a year-over-year basis. As a group, analysts forecast that GATX Co. will post 4.1 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, June 12th. This represents a $1.92 annualized dividend and a dividend yield of 3.10%. GATX’s payout ratio is 34.85%.
A number of equities analysts have issued reports on the company. Stephens upped their target price on GATX from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, January 24th. Zacks Investment Research cut GATX from a “buy” rating to a “sell” rating and set a $60.00 target price for the company. in a report on Monday, April 20th. Cowen upped their target price on GATX from $62.00 to $65.00 and gave the stock a “market perform” rating in a report on Wednesday, May 6th. TheStreet cut GATX from a “b-” rating to a “c+” rating in a report on Friday, April 3rd. Finally, Wells Fargo & Co reduced their price target on GATX from $90.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, April 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.00.
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.
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