BlackRock Inc. lifted its stake in shares of GATX Co. (NYSE:GATX – Get Rating) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,088,581 shares of the transportation company’s stock after acquiring an additional 22,888 shares during the quarter. BlackRock Inc. owned approximately 11.62% of GATX worth $348,143,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of GATX by 2.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,490 shares of the transportation company’s stock worth $554,000 after purchasing an additional 114 shares during the period. Bank of Montreal Can boosted its holdings in GATX by 6.2% in the 1st quarter. Bank of Montreal Can now owns 17,266 shares of the transportation company’s stock worth $2,182,000 after buying an additional 1,004 shares during the period. Acadian Asset Management LLC purchased a new stake in GATX in the 1st quarter worth $219,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in GATX by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,010 shares of the transportation company’s stock valued at $1,605,000 after acquiring an additional 1,240 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of GATX by 8.0% in the first quarter. Great West Life Assurance Co. Can now owns 19,808 shares of the transportation company’s stock valued at $2,513,000 after acquiring an additional 1,471 shares in the last quarter. 99.10% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, CFO Thomas A. Ellman sold 18,900 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $115.98, for a total value of $2,192,022.00. Following the completion of the transaction, the chief financial officer now owns 35,361 shares of the company’s stock, valued at approximately $4,101,168.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Thomas A. Ellman sold 18,900 shares of the stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $115.98, for a total transaction of $2,192,022.00. Following the sale, the chief financial officer now owns 35,361 shares in the company, valued at approximately $4,101,168.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffery R. Young sold 216 shares of GATX stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $117.10, for a total transaction of $25,293.60. Following the transaction, the senior vice president now directly owns 6,871 shares of the company’s stock, valued at $804,594.10. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.
Analysts Set New Price Targets
GATX Trading Down 1.5 %
Shares of GATX stock opened at $102.68 on Friday. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 3.18. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 23.66 and a beta of 1.05. GATX Co. has a 12-month low of $84.96 and a 12-month high of $127.58. The stock’s 50-day moving average price is $110.29 and its 200-day moving average price is $104.54.
GATX (NYSE:GATX – Get Rating) last released its quarterly earnings data on Tuesday, January 24th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.16. The business had revenue of $322.70 million for the quarter, compared to the consensus estimate of $327.63 million. GATX had a return on equity of 10.87% and a net margin of 12.25%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.69 EPS. Equities research analysts predict that GATX Co. will post 6.71 EPS for the current fiscal year.
GATX Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 3rd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $2.20 annualized dividend and a yield of 2.14%. This is a positive change from GATX’s previous quarterly dividend of $0.52. GATX’s dividend payout ratio (DPR) is 50.69%.
GATX Profile
GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International, and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services.
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