Federated Hermes Inc. Sells 379 Shares of GATX Co. (NYSE:GATX)

Federated Hermes Inc. lessened its holdings in GATX Co. (NYSE:GATX) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,936 shares of the transportation company’s stock after selling 379 shares during the period. Federated Hermes Inc.’s holdings in GATX were worth $353,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GATX. Orion Capital Management LLC bought a new position in GATX in the 3rd quarter valued at approximately $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of GATX during the fourth quarter worth $36,000. Headinvest LLC acquired a new stake in shares of GATX during the 3rd quarter valued at $33,000. Bruce G. Allen Investments LLC acquired a new position in GATX in the 4th quarter worth about $42,000. Finally, Adirondack Trust Co. bought a new position in GATX in the third quarter valued at about $44,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Transactions at GATX

In other news, CEO Robert C. Lyons sold 19,300 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the completion of the sale, the chief executive officer now directly owns 44,710 shares of the company’s stock, valued at $5,620,047. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Robert C. Lyons sold 19,300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $125.70, for a total value of $2,426,010.00. Following the transaction, the chief executive officer now owns 44,710 shares in the company, valued at $5,620,047. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $133.83, for a total value of $294,426.00. Following the sale, the senior vice president now owns 7,711 shares of the company’s stock, valued at approximately $1,031,963.13. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

GATX Price Performance

Shares of NYSE GATX opened at $127.98 on Friday. The company has a quick ratio of 2.79, a current ratio of 3.39 and a debt-to-equity ratio of 3.28. The company has a market capitalization of $4.56 billion, a PE ratio of 18.23 and a beta of 1.00. The firm has a fifty day simple moving average of $129.66 and a 200 day simple moving average of $120.82. GATX Co. has a twelve month low of $97.21 and a twelve month high of $135.65.

GATX (NYSE:GATX) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.29. GATX had a return on equity of 11.29% and a net margin of 17.64%. The business had revenue of $379.90 million during the quarter, compared to the consensus estimate of $375.80 million. During the same period in the previous year, the company posted $2.20 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts forecast that GATX Co. will post 7.55 EPS for the current year.

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Friday, June 14th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, June 14th. GATX’s dividend payout ratio (DPR) is currently 33.05%.

Analyst Upgrades and Downgrades

GATX has been the subject of several recent research reports. Susquehanna upped their price objective on GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company lifted their price target on shares of GATX from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, TD Cowen raised their target price on GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th.

GATX Profile

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.