State Board of Administration of Florida Retirement System Purchases Shares of 16,103 GATX Co. (GATX)

State Board of Administration of Florida Retirement System acquired a new position in shares of GATX Co. (NYSE:GATX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,103 shares of the transportation company’s stock, valued at approximately $992,000.

Separately, Bessemer Group Inc. bought a new stake in shares of GATX during the fourth quarter worth approximately $250,000.

Institutional Ownership by Quarter for GATX (NYSE:GATX)

Shares of GATX Co. (NYSE:GATX) traded down 0.74% during trading on Friday, hitting $61.62. The company’s stock had a trading volume of 310,854 shares. The company has a 50-day moving average price of $59.59 and a 200-day moving average price of $55.87. The stock has a market cap of $2.43 billion, a PE ratio of 9.80 and a beta of 1.18. GATX Co. has a one year low of $40.66 and a one year high of $64.46.

GATX (NYSE:GATX) last released its quarterly earnings results on Thursday, April 20th. The transportation company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.36. The business had revenue of $316.10 million for the quarter, compared to the consensus estimate of $312.24 million. GATX had a net margin of 18.13% and a return on equity of 19.97%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. Equities analysts predict that GATX Co. will post $4.50 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 10th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Wednesday, March 8th. This is an increase from GATX’s previous quarterly dividend of $0.40. GATX’s dividend payout ratio (DPR) is 25.48%.

ILLEGAL ACTIVITY WARNING: “State Board of Administration of Florida Retirement System Purchases Shares of 16,103 GATX Co. (GATX)” was published by BBNS and is the sole property of of BBNS. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://baseballnewssource.com/markets/16103-shares-in-gatx-co-gatx-acquired-by-state-board-of-administration-of-florida-retirement-system-updated-updated/525465.html.

GATX has been the topic of a number of recent research reports. Axiom Securities restated a “sell” rating on shares of GATX in a research note on Thursday, March 16th. Zacks Investment Research upgraded GATX from a “sell” rating to a “hold” rating in a research report on Monday, February 27th. Stifel Nicolaus downgraded GATX from a “hold” rating to a “sell” rating and set a $49.00 price target on the stock. in a research report on Thursday, January 12th. Finally, Cowen and Company started coverage on GATX in a research report on Friday, March 3rd. They set a “market perform” rating and a $62.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $50.00.

In other GATX news, SVP Michael T. Brooks sold 6,800 shares of the firm’s stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $57.41, for a total value of $390,388.00. Following the sale, the senior vice president now directly owns 15,591 shares in the company, valued at approximately $895,079.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Niyi Adedoyin sold 2,403 shares of the firm’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $58.63, for a total transaction of $140,887.89. Following the completion of the sale, the senior vice president now owns 3,173 shares in the company, valued at $186,032.99. The disclosure for this sale can be found here. Insiders sold a total of 16,993 shares of company stock worth $995,795 in the last quarter. Insiders own 3.43% of the company’s stock.

About GATX

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.

5 Day Chart for NYSE:GATX

Receive News & Ratings for GATX Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX Co. and related companies with our FREE daily email newsletter.

 


Latest News

Gift Ngoepe Becomes First African to Play in MLB
Gift Ngoepe Becomes First African to Play in MLB
Eric Thames Pulled From Game With Tightness in Hamstring
Eric Thames Pulled From Game With Tightness in Hamstring
Julio Urias Returning to Dodgers Thursday
Julio Urias Returning to Dodgers Thursday
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Colorado Rockies Bullpen Helping Them to NL West Lead
Colorado Rockies Bullpen Helping Them to NL West Lead


Leave a Reply

 
© 2006-2017 BBNS.