Oppenheimer Asset Management Inc. raised its stake in shares of GATX Corporation (NYSE:GATX) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,099 shares of the transportation company’s stock after acquiring an additional 305 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.06% of GATX Corporation worth $1,485,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in GATX. Shine Investment Advisory Services Inc. acquired a new position in shares of GATX Corporation in the second quarter valued at approximately $118,000. Tyers Asset Management LLC grew its holdings in shares of GATX Corporation by 10.1% in the first quarter. Tyers Asset Management LLC now owns 1,914 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 176 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of GATX Corporation by 0.4% in the first quarter. IFP Advisors Inc now owns 2,195 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 9 shares in the last quarter. Flinton Capital Management LLC lifted its stake in GATX Corporation by 10.1% in the first quarter. Flinton Capital Management LLC now owns 2,436 shares of the transportation company’s stock worth $149,000 after acquiring an additional 224 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in GATX Corporation by 19.4% in the first quarter. Bank of Montreal Can now owns 2,525 shares of the transportation company’s stock worth $154,000 after acquiring an additional 410 shares during the last quarter.
A number of brokerages recently issued reports on GATX. BidaskClub upgraded shares of GATX Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded shares of GATX Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Cowen and Company restated a “hold” rating and set a $63.00 price objective on shares of GATX Corporation in a research report on Monday, August 28th. Finally, Axiom Securities restated a “sell” rating on shares of GATX Corporation in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $55.71.
GATX Corporation (GATX) opened at 61.55 on Friday. GATX Corporation has a 52 week low of $41.15 and a 52 week high of $66.30. The firm has a market capitalization of $2.38 billion, a PE ratio of 10.38 and a beta of 1.20. The firm has a 50-day moving average of $60.90 and a 200 day moving average of $60.97.
GATX Corporation (NYSE:GATX) last announced its quarterly earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.21. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The company had revenue of $348.40 million during the quarter, compared to the consensus estimate of $352.64 million. During the same period in the prior year, the company earned $1.49 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts predict that GATX Corporation will post $4.60 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.73%. GATX Corporation’s dividend payout ratio (DPR) is currently 28.38%.
In related news, VP Jeffery R. Young sold 2,910 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total transaction of $170,817.00. Following the completion of the transaction, the vice president now directly owns 6,881 shares in the company, valued at $403,914.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.50% of the stock is currently owned by company insiders.
GATX Corporation Company Profile
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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