Oppenheimer Asset Management Inc. Sells 224 Shares of GATX Co. (NYSE:GATX)

Oppenheimer Asset Management Inc. reduced its holdings in shares of GATX Co. (NYSE:GATX) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,151 shares of the transportation company’s stock after selling 224 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.10% of GATX worth $4,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in GATX by 2.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company’s stock worth $335,000 after purchasing an additional 71 shares during the period. Commonwealth Equity Services LLC increased its position in GATX by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the transportation company’s stock valued at $604,000 after acquiring an additional 78 shares during the last quarter. Hilltop National Bank lifted its holdings in GATX by 11.2% in the second quarter. Hilltop National Bank now owns 803 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 81 shares during the period. CWM LLC lifted its holdings in GATX by 20.2% in the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 82 shares during the period. Finally, Johnson Investment Counsel Inc. boosted its position in GATX by 5.3% in the second quarter. Johnson Investment Counsel Inc. now owns 1,843 shares of the transportation company’s stock worth $244,000 after purchasing an additional 93 shares during the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Susquehanna lifted their price target on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st.

GATX Price Performance

Shares of NYSE:GATX opened at $151.61 on Friday. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 20.27 and a beta of 0.95. The firm has a fifty day moving average price of $138.40 and a 200 day moving average price of $136.57. GATX Co. has a fifty-two week low of $106.92 and a fifty-two week high of $156.03. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.54. The company had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. As a group, sell-side analysts expect that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, December 13th. GATX’s dividend payout ratio is 31.02%.

Insider Buying and Selling

In other news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the transaction, the insider now directly owns 3,312,294 shares of the company’s stock, valued at approximately $442,688,093.10. The trade was a 0.27 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

GATX Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.