BNP Paribas Financial Markets Lowers Stock Position in GATX Co. (NYSE:GATX)

BNP Paribas Financial Markets lessened its stake in shares of GATX Co. (NYSE:GATX) by 33.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,344 shares of the transportation company’s stock after selling 5,111 shares during the quarter. BNP Paribas Financial Markets’ holdings in GATX were worth $1,370,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GATX. D.A. Davidson & CO. boosted its stake in shares of GATX by 7.1% in the third quarter. D.A. Davidson & CO. now owns 5,243 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 346 shares during the period. Boston Family Office LLC raised its holdings in GATX by 12.2% during the third quarter. Boston Family Office LLC now owns 7,078 shares of the transportation company’s stock worth $937,000 after purchasing an additional 767 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in GATX during the third quarter worth approximately $1,410,000. Citigroup Inc. raised its holdings in GATX by 209.7% during the third quarter. Citigroup Inc. now owns 29,602 shares of the transportation company’s stock worth $3,921,000 after purchasing an additional 20,045 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in GATX by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock valued at $62,878,000 after purchasing an additional 17,255 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Trading Up 1.0 %

Shares of GATX stock opened at $160.83 on Monday. The firm has a market cap of $5.71 billion, a P/E ratio of 21.50 and a beta of 0.99. GATX Co. has a 1-year low of $111.13 and a 1-year high of $167.25. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. The firm’s 50-day simple moving average is $145.72 and its 200-day simple moving average is $139.58.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.54. The business had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 EPS. As a group, equities analysts forecast that GATX Co. will post 7.6 EPS for the current year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 annualized dividend and a yield of 1.44%. GATX’s payout ratio is 31.02%.

Insider Activity at GATX

In other news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the stock in a transaction on Wednesday, October 9th. The stock was bought at an average price of $133.65 per share, with a total value of $1,200,711.60. Following the completion of the transaction, the insider now directly owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. The trade was a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on GATX shares. The Goldman Sachs Group initiated coverage on shares of GATX in a research report on Monday, November 18th. They issued a “buy” rating and a $185.00 price target for the company. Susquehanna upped their target price on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price on the stock. in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $151.80.

GATX Company 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.