Ameritas Investment Partners Inc. reduced its stake in shares of GATX Corporation (NYSE:GATX) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,998 shares of the transportation company’s stock after selling 150 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in GATX Corporation were worth $964,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in GATX. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of GATX Corporation in the second quarter valued at approximately $249,000. BlueCrest Capital Management Ltd purchased a new stake in shares of GATX Corporation in the second quarter valued at approximately $244,000. State Street Corp increased its position in shares of GATX Corporation by 4.5% in the second quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock valued at $89,470,000 after buying an additional 59,729 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of GATX Corporation by 51.7% in the second quarter. Flinton Capital Management LLC now owns 3,696 shares of the transportation company’s stock valued at $237,000 after buying an additional 1,260 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of GATX Corporation by 27.8% in the second quarter. Voya Investment Management LLC now owns 18,915 shares of the transportation company’s stock valued at $1,216,000 after buying an additional 4,115 shares in the last quarter.
A number of analysts have recently commented on GATX shares. Stifel Nicolaus upgraded GATX Corporation from a “sell” rating to a “hold” rating and boosted their price objective for the company from $50.00 to $54.00 in a research report on Monday, July 17th. Zacks Investment Research cut GATX Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Citigroup Inc. cut their price objective on GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Axiom Securities restated a “sell” rating on shares of GATX Corporation in a research report on Wednesday, July 26th. Finally, Cowen and Company restated a “hold” rating and issued a $63.00 price objective on shares of GATX Corporation in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.83.
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Shares of GATX Corporation (NYSE:GATX) opened at 61.23 on Friday. GATX Corporation has a 52 week low of $42.21 and a 52 week high of $66.30. The stock has a 50 day moving average price of $61.43 and a 200-day moving average price of $61.52. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 10.32 and a beta of 1.20.
GATX Corporation (NYSE:GATX) last released its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.28. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The firm had revenue of $259.60 million during the quarter, compared to the consensus estimate of $350.04 million. During the same period last year, the business posted $1.50 EPS. GATX Corporation’s quarterly revenue was down 28.5% on a year-over-year basis. On average, analysts anticipate that GATX Corporation will post $4.60 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Investors of record on Friday, September 15th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.74%. The ex-dividend date was Thursday, September 14th. GATX Corporation’s payout ratio is currently 28.38%.
In related news, VP Jeffery R. Young sold 2,910 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 6,881 shares of the company’s stock, valued at approximately $403,914.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.
GATX Corporation 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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