Thrivent Financial For Lutherans increased its stake in shares of GATX Corporation (NYSE:GATX) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,410 shares of the transportation company’s stock after buying an additional 580 shares during the period. Thrivent Financial For Lutherans’ holdings in GATX Corporation were worth $452,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System bought a new stake in GATX Corporation during the fourth quarter valued at $992,000. FMR LLC acquired a new stake in GATX Corporation during the fourth quarter worth $33,719,000. Teachers Retirement System of The State of Kentucky acquired a new stake in GATX Corporation during the fourth quarter worth $505,000. Norges Bank acquired a new stake in GATX Corporation during the fourth quarter worth $8,143,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in GATX Corporation during the fourth quarter worth $1,500,000.
Shares of GATX Corporation (NYSE GATX) opened at 64.17 on Wednesday. The company has a market cap of $2.48 billion, a P/E ratio of 10.82 and a beta of 1.19. The company’s 50-day moving average price is $62.80 and its 200-day moving average price is $60.50. GATX Corporation has a 12 month low of $40.66 and a 12 month high of $66.30.
GATX Corporation (NYSE:GATX) last released its earnings results on Thursday, July 20th. The transportation company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $348.40 million during the quarter, compared to analysts’ expectations of $352.64 million. During the same period in the previous year, the firm posted $1.49 EPS. GATX Corporation’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts forecast that GATX Corporation will post $4.60 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.68 annualized dividend and a yield of 2.62%. GATX Corporation’s payout ratio is 28.38%.
A number of analysts have weighed in on the company. Axiom Securities reiterated a “sell” rating on shares of GATX Corporation in a research note on Friday, June 16th. Buckingham Research assumed coverage on GATX Corporation in a research report on Wednesday, June 21st. They set a “neutral” rating and a $64.00 price target on the stock. ValuEngine raised GATX Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. Zacks Investment Research raised GATX Corporation from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Friday, April 21st. Finally, Citigroup Inc. dropped their price target on GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $56.14.
In other news, EVP Thomas A. Ellman sold 2,239 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $61.52, for a total transaction of $137,743.28. Following the completion of the transaction, the executive vice president now directly owns 30,740 shares of the company’s stock, valued at approximately $1,891,124.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Deborah A. Golden sold 2,429 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $65.42, for a total value of $158,905.18. Following the transaction, the executive vice president now directly owns 39,783 shares of the company’s stock, valued at $2,602,603.86. The disclosure for this sale can be found here. Insiders have sold a total of 9,517 shares of company stock valued at $601,618 over the last three months. 3.50% of the stock is currently owned by 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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