Janus Henderson Group PLC Lowers Stock Holdings in GATX Co. (NYSE:GATX)

Janus Henderson Group PLC lowered its position in GATX Co. (NYSE:GATX) by 0.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 573,266 shares of the transportation company’s stock after selling 2,423 shares during the period. Janus Henderson Group PLC’s holdings in GATX were worth $76,834,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GATX. Earnest Partners LLC raised its stake in GATX by 2.7% during the 1st quarter. Earnest Partners LLC now owns 3,049,841 shares of the transportation company’s stock valued at $408,770,000 after purchasing an additional 80,087 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of GATX by 5.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,125 shares of the transportation company’s stock worth $3,234,000 after buying an additional 1,328 shares in the last quarter. Linscomb Wealth Inc. bought a new position in shares of GATX during the first quarter worth $202,000. CANADA LIFE ASSURANCE Co grew its stake in GATX by 2.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 38,676 shares of the transportation company’s stock valued at $5,182,000 after acquiring an additional 795 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in GATX by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 370,308 shares of the transportation company’s stock valued at $49,632,000 after acquiring an additional 977 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insiders Place Their Bets

In other news, Director Anne L. Arvia sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $131.98, for a total value of $131,980.00. Following the completion of the sale, the director now owns 32,477 shares of the company’s stock, valued at approximately $4,286,314.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other GATX news, VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $139.66, for a total value of $670,368.00. Following the completion of the transaction, the vice president now directly owns 7,493 shares in the company, valued at $1,046,472.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne L. Arvia sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $131.98, for a total transaction of $131,980.00. Following the sale, the director now directly owns 32,477 shares of the company’s stock, valued at approximately $4,286,314.46. The disclosure for this sale can be found here. Insiders have sold a total of 14,800 shares of company stock worth $2,056,678 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Susquehanna lifted their target price on GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th.

GATX Trading Up 0.8 %

Shares of NYSE:GATX traded up $1.17 during trading on Wednesday, reaching $139.68. The company’s stock had a trading volume of 28,101 shares, compared to its average volume of 153,969. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 3.52. The firm’s 50 day simple moving average is $135.67 and its two-hundred day simple moving average is $131.05. The stock has a market capitalization of $4.97 billion, a PE ratio of 19.80 and a beta of 0.96. GATX Co. has a 12 month low of $97.21 and a 12 month high of $151.33.

GATX (NYSE:GATX) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). GATX had a return on equity of 10.61% and a net margin of 15.86%. The firm had revenue of $386.70 million for the quarter, compared to analysts’ expectations of $385.45 million. During the same period in the prior year, the firm posted $1.73 earnings per share. GATX’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, research analysts predict that GATX Co. will post 7.5 EPS for the current fiscal year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, September 13th. GATX’s dividend payout ratio (DPR) is presently 33.05%.

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.