Sheaff Brock Investment Advisors LLC lifted its stake in shares of GATX Corporation (NYSE:GATX) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,771 shares of the transportation company’s stock after purchasing an additional 652 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in GATX Corporation were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in GATX. LSV Asset Management boosted its position in GATX Corporation by 48.5% during the 2nd quarter. LSV Asset Management now owns 398,136 shares of the transportation company’s stock worth $25,588,000 after buying an additional 130,034 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in GATX Corporation by 4.0% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,062 shares of the transportation company’s stock worth $311,000 after buying an additional 272 shares during the period. Synovus Financial Corp boosted its position in GATX Corporation by 15.6% during the 2nd quarter. Synovus Financial Corp now owns 10,029 shares of the transportation company’s stock worth $648,000 after buying an additional 1,355 shares during the period. Burney Co. boosted its position in GATX Corporation by 1.7% during the 2nd quarter. Burney Co. now owns 86,582 shares of the transportation company’s stock worth $5,537,000 after buying an additional 1,410 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in GATX Corporation by 1.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,099 shares of the transportation company’s stock worth $1,485,000 after buying an additional 305 shares during the period.
A number of research analysts have recently issued reports on GATX shares. Zacks Investment Research upgraded shares of GATX Corporation from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Monday, July 24th. Citigroup Inc. dropped their target price on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Cowen and Company reiterated a “hold” rating and set a $63.00 target price on shares of GATX Corporation in a research report on Monday, August 28th. Finally, Stifel Nicolaus upgraded shares of GATX Corporation from a “sell” rating to a “hold” rating and boosted their target price for the company from $50.00 to $54.00 in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $55.71.
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In related news, VP Jeffery R. Young sold 2,910 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total value of $170,817.00. Following the transaction, the vice president now directly owns 6,881 shares of the company’s stock, valued at approximately $403,914.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.50% of the company’s stock.
Shares of GATX Corporation (NYSE GATX) opened at 61.55 on Friday. GATX Corporation has a 1-year low of $41.15 and a 1-year high of $66.30. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 10.38 and a beta of 1.20. The stock has a 50 day moving average of $60.90 and a 200 day moving average of $60.97.
GATX Corporation (NYSE:GATX) last issued its earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.21. The business had revenue of $348.40 million for the quarter, compared to analyst estimates of $352.64 million. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company posted $1.49 EPS. On average, equities analysts forecast that GATX Corporation will post $4.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, September 14th. GATX Corporation’s dividend payout ratio (DPR) is currently 28.38%.
About GATX Corporation
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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