Rhumbline Advisers reduced its holdings in shares of GATX Co. (NYSE:GATX – Free Report) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 121,752 shares of the transportation company’s stock after selling 1,392 shares during the quarter. Rhumbline Advisers owned approximately 0.34% of GATX worth $15,674,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Earnest Partners LLC boosted its holdings in shares of GATX by 1.6% during the second quarter. Earnest Partners LLC now owns 2,747,088 shares of the transportation company’s stock worth $353,660,000 after acquiring an additional 42,791 shares during the period. New York Life Investment Management LLC acquired a new position in GATX in the 2nd quarter valued at $222,000. Envestnet Asset Management Inc. increased its position in GATX by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 107,742 shares of the transportation company’s stock worth $13,871,000 after buying an additional 4,603 shares during the period. Barclays PLC lifted its holdings in shares of GATX by 4.7% during the second quarter. Barclays PLC now owns 38,365 shares of the transportation company’s stock worth $4,939,000 after buying an additional 1,736 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of GATX by 4.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 600,301 shares of the transportation company’s stock valued at $77,282,000 after acquiring an additional 25,441 shares during the period. Institutional investors own 99.15% of the company’s stock.
Wall Street Analysts Forecast Growth
GATX has been the subject of several analyst reports. TD Cowen reiterated a “market perform” rating and issued a $137.00 price objective (up previously from $135.00) on shares of GATX in a research note on Wednesday, July 26th. StockNews.com began coverage on GATX in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Susquehanna dropped their price objective on GATX from $122.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, October 16th. Wells Fargo & Company upped their target price on GATX from $125.00 to $145.00 in a research report on Wednesday, July 26th. Finally, Stephens raised their price target on GATX from $135.00 to $142.00 in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, GATX currently has a consensus rating of “Hold” and an average target price of $134.75.
GATX Trading Up 1.1 %
Shares of GATX stock opened at $110.89 on Monday. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.84 and a current ratio of 1.84. GATX Co. has a fifty-two week low of $97.21 and a fifty-two week high of $133.01. The company has a market cap of $3.94 billion, a PE ratio of 16.55 and a beta of 1.02. The stock’s fifty day moving average price is $108.48 and its two-hundred day moving average price is $117.22.
GATX (NYSE:GATX – Get Free Report) last released its earnings results on Tuesday, October 24th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.09). The business had revenue of $360.10 million during the quarter, compared to the consensus estimate of $374.38 million. GATX had a net margin of 17.70% and a return on equity of 11.75%. Equities analysts predict that GATX Co. will post 6.93 EPS for the current fiscal year.
GATX Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 31st. Investors of record on Friday, December 15th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, December 14th. GATX’s payout ratio is 32.84%.
Insider Buying and Selling at GATX
In other news, SVP John Sbragia sold 625 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $102.20, for a total transaction of $63,875.00. Following the completion of the transaction, the senior vice president now directly owns 7,419 shares in the company, valued at $758,221.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.
GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.
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