Creative Planning decreased its stake in GATX Co. (NYSE:GATX) by 31.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,831 shares of the transportation company’s stock after selling 1,305 shares during the period. Creative Planning’s holdings in GATX were worth $235,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of GATX. BlackRock Inc. boosted its stake in GATX by 2.8% during the 2nd quarter. BlackRock Inc. now owns 4,409,222 shares of the transportation company’s stock worth $349,607,000 after purchasing an additional 118,186 shares during the period. Parametric Portfolio Associates LLC boosted its stake in GATX by 3.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 176,170 shares of the transportation company’s stock worth $13,658,000 after purchasing an additional 5,412 shares during the period. Rhumbline Advisers boosted its stake in GATX by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 116,581 shares of the transportation company’s stock worth $9,039,000 after purchasing an additional 1,197 shares during the period. Smith Graham & Co. Investment Advisors LP boosted its stake in GATX by 0.6% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 98,765 shares of the transportation company’s stock worth $7,657,000 after purchasing an additional 570 shares during the period. Finally, California Public Employees Retirement System boosted its stake in GATX by 11.5% during the 4th quarter. California Public Employees Retirement System now owns 96,448 shares of the transportation company’s stock worth $7,991,000 after purchasing an additional 9,919 shares during the period.
GATX has been the subject of a number of recent research reports. ValuEngine cut shares of GATX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Cowen started coverage on shares of GATX in a research report on Thursday, January 23rd. They set a “hold” rating and a $88.00 price objective for the company. Finally, Stephens upped their price objective on shares of GATX from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $84.00.
GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.32. The company had revenue of $356.70 million during the quarter, compared to the consensus estimate of $359.20 million. GATX had a net margin of 15.15% and a return on equity of 11.03%. GATX’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. As a group, equities analysts predict that GATX Co. will post 5.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, February 27th. This represents a $1.92 dividend on an annualized basis and a yield of 2.49%. This is an increase from GATX’s previous quarterly dividend of $0.46. GATX’s dividend payout ratio is presently 33.39%.
GATX Company Profile
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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