GATX Co. (NYSE:GATX) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its position in GATX Co. (NYSE:GATX – Get Rating) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,791 shares of the transportation company’s stock after selling 375 shares during the quarter. Raymond James & Associates owned 0.11% of GATX worth $4,019,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in GATX by 17.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,453 shares of the transportation company’s stock valued at $580,000 after acquiring an additional 817 shares in the last quarter. Bank of Montreal Can increased its holdings in GATX by 0.8% in the third quarter. Bank of Montreal Can now owns 17,705 shares of the transportation company’s stock valued at $1,599,000 after buying an additional 136 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in GATX by 3.4% in the third quarter. Envestnet Asset Management Inc. now owns 97,974 shares of the transportation company’s stock valued at $8,342,000 after buying an additional 3,240 shares during the last quarter. MML Investors Services LLC increased its holdings in GATX by 10.6% in the third quarter. MML Investors Services LLC now owns 10,118 shares of the transportation company’s stock valued at $862,000 after buying an additional 967 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in GATX by 540.3% in the third quarter. Jump Financial LLC now owns 13,900 shares of the transportation company’s stock valued at $1,184,000 after purchasing an additional 11,729 shares in the last quarter. Institutional investors and hedge funds own 99.10% of the company’s stock.

GATX Trading Down 1.4 %

Shares of GATX stock opened at $113.40 on Thursday. GATX Co. has a 1 year low of $84.96 and a 1 year high of $118.11. The company has a debt-to-equity ratio of 3.04, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $4.00 billion, a P/E ratio of 25.77 and a beta of 1.05. The company’s fifty day moving average is $110.58 and its two-hundred day moving average is $109.99.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.94%. The ex-dividend date is Wednesday, June 14th. GATX’s payout ratio is currently 50.00%.

Analysts Set New Price Targets

GATX has been the subject of a number of research analyst reports. StockNews.com initiated coverage on GATX in a report on Thursday, May 18th. They issued a “buy” rating for the company. Susquehanna boosted their price target on shares of GATX from $115.00 to $118.00 in a research report on Wednesday, April 26th. Sidoti initiated coverage on shares of GATX in a research report on Tuesday, March 14th. They issued a “buy” rating for the company. Finally, Wells Fargo & Company boosted their price target on shares of GATX from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, January 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.33.

GATX Company Profile

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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.