Connable Office Inc. lifted its position in GATX Co. (NYSE:GATX) by 3.2% in the 1st quarter, HoldingsChannel reports. The fund owned 4,477 shares of the transportation company’s stock after acquiring an additional 137 shares during the quarter. Connable Office Inc.’s holdings in GATX were worth $342,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio grew its position in GATX by 6.5% during the fourth quarter. Strs Ohio now owns 3,300 shares of the transportation company’s stock valued at $233,000 after buying an additional 200 shares during the period. Thrivent Financial for Lutherans grew its position in GATX by 5.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 9,576 shares of the transportation company’s stock valued at $678,000 after buying an additional 487 shares during the period. Advisor Group Inc. grew its position in GATX by 3.3% during the fourth quarter. Advisor Group Inc. now owns 4,773 shares of the transportation company’s stock valued at $338,000 after buying an additional 154 shares during the period. Nordea Investment Management AB grew its position in GATX by 19.5% during the third quarter. Nordea Investment Management AB now owns 54,955 shares of the transportation company’s stock valued at $4,759,000 after buying an additional 8,969 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its position in GATX by 76.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 22,007 shares of the transportation company’s stock valued at $1,558,000 after buying an additional 9,506 shares during the period.
Several equities research analysts have commented on the stock. Mizuho set a $87.00 price objective on shares of GATX and gave the company a “buy” rating in a report on Wednesday, March 27th. Zacks Investment Research raised shares of GATX from a “sell” rating to a “hold” rating in a report on Monday, February 11th. Finally, Wells Fargo & Co set a $90.00 price objective on shares of GATX and gave the company an “outperform” rating in a report on Wednesday, January 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $82.00.
In other GATX news, SVP Jeffery R. Young sold 2,223 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $77.48, for a total transaction of $172,238.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.72% of the stock is owned by corporate insiders.
NYSE GATX opened at $77.00 on Friday. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 1.02 and a beta of 1.49. GATX Co. has a 52 week low of $67.46 and a 52 week high of $91.12. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 2.64.
GATX (NYSE:GATX) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.07). The business had revenue of $317.00 million for the quarter, compared to analysts’ expectations of $307.14 million. GATX had a net margin of 12.86% and a return on equity of 9.10%. GATX’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.98 earnings per share. On average, analysts anticipate that GATX Co. will post 5.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, June 13th. GATX’s dividend payout ratio (DPR) is presently 35.25%.
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GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.
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