Oppenheimer & Co. Inc. reduced its position in GATX Co. (NYSE:GATX) by 5.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 17,700 shares of the transportation company’s stock after selling 998 shares during the period. Oppenheimer & Co. Inc. owned 0.05% of GATX worth $1,372,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of GATX. First Trust Advisors LP raised its stake in GATX by 1.9% during the 1st quarter. First Trust Advisors LP now owns 47,850 shares of the transportation company’s stock valued at $3,654,000 after acquiring an additional 914 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in GATX by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 15,147 shares of the transportation company’s stock worth $1,201,000 after purchasing an additional 209 shares during the period. Arden Trust Co acquired a new position in GATX during the 2nd quarter worth approximately $216,000. Steward Partners Investment Advisory LLC acquired a new position in GATX during the 2nd quarter worth approximately $41,000. Finally, Virginia Retirement Systems ET AL acquired a new position in GATX during the 2nd quarter worth approximately $349,000.
In other GATX news, VP Robert Zmudka sold 2,134 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $75.94, for a total transaction of $162,055.96. Following the transaction, the vice president now owns 9,564 shares of the company’s stock, valued at approximately $726,290.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.72% of the company’s stock.
Several equities analysts have issued reports on GATX shares. Cowen reiterated a “hold” rating and set a $85.00 target price on shares of GATX in a research report on Tuesday, October 22nd. ValuEngine upgraded GATX from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $85.75.
Shares of GATX stock opened at $84.77 on Thursday. GATX Co. has a fifty-two week low of $67.46 and a fifty-two week high of $85.06. The firm has a market cap of $2.90 billion, a PE ratio of 16.24, a P/E/G ratio of 1.07 and a beta of 1.46. The business’s fifty day moving average is $77.58 and its two-hundred day moving average is $76.26. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.87.
GATX (NYSE:GATX) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.08. GATX had a return on equity of 10.18% and a net margin of 14.63%. The company had revenue of $360.70 million for the quarter, compared to analyst estimates of $355.55 million. During the same quarter in the prior year, the company posted $1.22 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that GATX Co. will post 5.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, December 12th. GATX’s dividend payout ratio is presently 35.25%.
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.
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