Clearbridge Investments LLC trimmed its holdings in GATX Co. (NYSE:GATX) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 479,374 shares of the transportation company’s stock after selling 7,521 shares during the quarter. Clearbridge Investments LLC’s holdings in GATX were worth $29,798,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of GATX. Crossmark Global Holdings Inc. bought a new position in GATX in the 3rd quarter worth approximately $233,000. Victory Capital Management Inc. boosted its stake in GATX by 34.9% in the 3rd quarter. Victory Capital Management Inc. now owns 13,038 shares of the transportation company’s stock worth $803,000 after purchasing an additional 3,374 shares during the period. Stevens Capital Management LP bought a new position in GATX in the 3rd quarter worth approximately $353,000. Prudential Financial Inc. boosted its stake in GATX by 32.5% in the 3rd quarter. Prudential Financial Inc. now owns 211,476 shares of the transportation company’s stock worth $13,018,000 after purchasing an additional 51,840 shares during the period. Finally, Rhumbline Advisers boosted its stake in GATX by 6.1% in the 3rd quarter. Rhumbline Advisers now owns 87,064 shares of the transportation company’s stock worth $5,360,000 after purchasing an additional 5,025 shares during the period.
Several research analysts have weighed in on the company. Zacks Investment Research downgraded GATX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine upgraded GATX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Citigroup increased their target price on GATX from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 target price (up from $56.00) on shares of GATX in a research report on Monday, January 22nd. Finally, Cowen reiterated a “market perform” rating and set a $69.00 target price (up from $61.00) on shares of GATX in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $67.40.
In related news, SVP Niyi Adedoyin sold 504 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $71.68, for a total value of $36,126.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eric D. Harkness sold 2,550 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $70.48, for a total value of $179,724.00. Following the completion of the sale, the vice president now owns 5,121 shares of the company’s stock, valued at $360,928.08. The disclosure for this sale can be found here. Insiders have sold a total of 48,578 shares of company stock valued at $3,452,793 over the last quarter. Corporate insiders own 3.50% of the company’s stock.
GATX Co. (NYSE:GATX) opened at $69.02 on Thursday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 2.45. The company has a market capitalization of $2,614.40, a P/E ratio of 14.67, a PEG ratio of 1.00 and a beta of 1.23. GATX Co. has a 52-week low of $55.82 and a 52-week high of $73.25.
GATX (NYSE:GATX) last posted its earnings results on Thursday, January 18th. The transportation company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The firm had revenue of $352.80 million for the quarter, compared to the consensus estimate of $347.90 million. GATX had a net margin of 36.46% and a return on equity of 12.15%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 earnings per share. sell-side analysts predict that GATX Co. will post 4.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 31st. Stockholders of record on Monday, March 5th will be given a dividend of $0.44 per share. This is an increase from GATX’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, March 2nd. GATX’s dividend payout ratio is currently 13.68%.
GATX Company Profile
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
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