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

BNP Paribas Financial Markets reduced its stake in shares of GATX Co. (NYSE:GATX) by 31.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,046 shares of the transportation company’s stock after selling 3,298 shares during the period. BNP Paribas Financial Markets’ holdings in GATX were worth $1,092,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in GATX by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company’s stock worth $612,075,000 after purchasing an additional 17,885 shares in the last quarter. Earnest Partners LLC lifted its holdings in GATX by 1.2% in the 4th quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company’s stock worth $482,482,000 after purchasing an additional 35,890 shares in the last quarter. American Century Companies Inc. lifted its holdings in GATX by 12.1% in the 4th quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company’s stock worth $170,370,000 after purchasing an additional 118,306 shares in the last quarter. Wellington Management Group LLP lifted its holdings in GATX by 1.7% in the 4th quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company’s stock worth $158,329,000 after purchasing an additional 17,273 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in GATX by 6.6% in the 4th quarter. Sei Investments Co. now owns 902,691 shares of the transportation company’s stock worth $139,881,000 after purchasing an additional 56,041 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on GATX. The Goldman Sachs Group reissued a “buy” rating on shares of GATX in a report on Wednesday, April 23rd. Susquehanna decreased their price objective on GATX from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th.

GATX Stock Down 0.7%

Shares of GATX opened at $148.45 on Wednesday. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 19.11 and a beta of 1.18. GATX Co. has a 1 year low of $127.00 and a 1 year high of $168.89. The business’s 50 day simple moving average is $149.37 and its 200-day simple moving average is $155.49. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41.

GATX (NYSE:GATX) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.06. The business had revenue of $421.60 million for the quarter, compared to analysts’ expectations of $417.06 million. GATX had a return on equity of 12.07% and a net margin of 17.92%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.01 EPS. As a group, equities analysts expect that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Friday, June 13th. GATX’s dividend payout ratio is currently 30.93%.

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.