Raymond James & Associates Has $3.25 Million Holdings in GATX Co. (NYSE:GATX)

Raymond James & Associates grew its position in GATX Co. (NYSE:GATXGet Rating) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,166 shares of the transportation company’s stock after purchasing an additional 603 shares during the period. Raymond James & Associates owned about 0.11% of GATX worth $3,250,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of GATX by 2.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,490 shares of the transportation company’s stock worth $554,000 after acquiring an additional 114 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of GATX by 6.2% during the 1st quarter. Bank of Montreal Can now owns 17,266 shares of the transportation company’s stock worth $2,182,000 after acquiring an additional 1,004 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of GATX during the 1st quarter worth about $219,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of GATX by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,010 shares of the transportation company’s stock worth $1,605,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of GATX by 8.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 19,808 shares of the transportation company’s stock worth $2,513,000 after acquiring an additional 1,471 shares in the last quarter. 99.10% of the stock is owned by institutional investors and hedge funds.

GATX Stock Performance

GATX opened at $107.59 on Friday. The firm has a market capitalization of $3.79 billion, a P/E ratio of 23.04 and a beta of 1.07. The stock’s 50 day moving average price is $109.91 and its two-hundred day moving average price is $101.26. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 3.28. GATX Co. has a 12-month low of $84.96 and a 12-month high of $127.58.

GATX (NYSE:GATXGet Rating) last released its earnings results on Tuesday, October 25th. The transportation company reported $1.12 earnings per share (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 business had revenue of $321.00 million during the quarter, compared to analyst estimates of $321.66 million. On average, equities analysts forecast that GATX Co. will post 5.94 earnings per share for the current year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 31st. Shareholders of record on Thursday, December 15th were given a $0.52 dividend. 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 1.93%. GATX’s dividend payout ratio is currently 44.54%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GATX shares. Susquehanna downgraded GATX from a “positive” rating to a “neutral” rating in a research note on Monday, November 7th. StockNews.com initiated coverage on GATX in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Susquehanna Bancshares lowered GATX to a “neutral” rating in a report on Monday, November 7th.

Insiders Place Their Bets

In other GATX news, SVP Aken Jennifer Van sold 760 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $111.38, for a total value of $84,648.80. Following the completion of the sale, the senior vice president now owns 4,830 shares in the company, valued at approximately $537,965.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Deborah A. Golden sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $105.47, for a total transaction of $263,675.00. Following the completion of the transaction, the executive vice president now owns 8,448 shares in the company, valued at approximately $891,010.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Aken Jennifer Van sold 760 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $111.38, for a total value of $84,648.80. Following the transaction, the senior vice president now owns 4,830 shares of the company’s stock, valued at approximately $537,965.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,160 shares of company stock worth $440,313. 3.00% of the stock is currently owned by company insiders.

About GATX

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GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services.

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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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