Handelsbanken Fonder AB Sells 1,800 Shares of GATX Co. (NYSE:GATX)

Handelsbanken Fonder AB decreased its stake in shares of GATX Co. (NYSE:GATXGet Rating) by 24.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,430 shares of the transportation company’s stock after selling 1,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in GATX were worth $462,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GATX. JPMorgan Chase & Co. increased its stake in GATX by 151.8% in the second quarter. JPMorgan Chase & Co. now owns 172,639 shares of the transportation company’s stock valued at $16,256,000 after acquiring an additional 104,079 shares during the period. Sei Investments Co. increased its stake in GATX by 26.4% in the second quarter. Sei Investments Co. now owns 411,750 shares of the transportation company’s stock valued at $38,774,000 after acquiring an additional 85,956 shares during the period. Bank of America Corp DE increased its stake in GATX by 6.5% in the first quarter. Bank of America Corp DE now owns 1,000,882 shares of the transportation company’s stock valued at $123,440,000 after acquiring an additional 61,323 shares during the period. Principal Financial Group Inc. increased its stake in GATX by 31.4% in the second quarter. Principal Financial Group Inc. now owns 157,753 shares of the transportation company’s stock valued at $14,854,000 after acquiring an additional 37,679 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in GATX by 139.2% in the second quarter. Cubist Systematic Strategies LLC now owns 58,465 shares of the transportation company’s stock valued at $5,505,000 after acquiring an additional 34,028 shares during the period. Institutional investors own 99.10% of the company’s stock.

Insider Transactions at GATX

In other news, VP Jennifer Mcmanus sold 900 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $102.21, for a total transaction of $91,989.00. Following the transaction, the vice president now directly owns 1,057 shares in the company, valued at $108,035.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Deborah A. Golden sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $105.47, for a total value of $263,675.00. Following the transaction, the executive vice president now directly owns 8,448 shares in the company, valued at $891,010.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Mcmanus sold 900 shares of the stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $102.21, for a total transaction of $91,989.00. Following the completion of the transaction, the vice president now owns 1,057 shares in the company, valued at $108,035.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,160 shares of company stock worth $440,313. Corporate insiders own 3.00% of the company’s stock.

GATX Price Performance

NYSE:GATX opened at $110.91 on Thursday. The firm has a market cap of $3.90 billion, a PE ratio of 23.75 and a beta of 1.07. GATX Co. has a 12 month low of $84.96 and a 12 month high of $127.58. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 3.28. The company’s 50-day moving average price is $109.18 and its two-hundred day moving average price is $100.61.

GATX (NYSE:GATXGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The transportation company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). GATX had a net margin of 13.25% and a return on equity of 10.98%. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $321.66 million. On average, equities analysts anticipate that GATX Co. will post 5.94 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, December 31st. Stockholders of record on Thursday, December 15th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.88%. GATX’s payout ratio is 44.54%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GATX. StockNews.com began coverage on shares of GATX in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Susquehanna Bancshares lowered shares of GATX to a “neutral” rating in a research report on Monday, November 7th. Finally, Susquehanna lowered shares of GATX from a “positive” rating to a “neutral” rating in a research report on Monday, November 7th.

GATX Company Profile

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GATX Corporation operates as railcar leasing company in the United States and internationally. The company operates through three segments: Rail North America, Rail International, and Portfolio Management. It leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.

Further Reading

Institutional Ownership by Quarter for GATX (NYSE:GATX)

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