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.
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%.
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.
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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