Great West Life Assurance Co. Can cut its holdings in shares of GATX Co. (NYSE:GATX) by 8.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,648 shares of the transportation company’s stock after selling 2,007 shares during the period. Great West Life Assurance Co. Can owned 0.06% of GATX worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in GATX. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in GATX during the 2nd quarter worth approximately $148,000. Mount Yale Investment Advisors LLC acquired a new stake in GATX during the 1st quarter worth approximately $191,000. M&T Bank Corp acquired a new stake in GATX during the 1st quarter worth approximately $205,000. Trexquant Investment LP acquired a new stake in GATX during the 2nd quarter worth approximately $279,000. Finally, Point72 Asia Hong Kong Ltd raised its holdings in GATX by 1,247.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 4,338 shares of the transportation company’s stock worth $297,000 after buying an additional 4,016 shares during the period.
In other news, VP William M. Muckian sold 3,930 shares of GATX stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $84.94, for a total transaction of $333,814.20. Following the completion of the sale, the vice president now owns 14,560 shares of the company’s stock, valued at $1,236,726.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian A. Kenney sold 20,743 shares of GATX stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $85.94, for a total value of $1,782,653.42. Following the sale, the chief executive officer now directly owns 238,111 shares of the company’s stock, valued at approximately $20,463,259.34. The disclosure for this sale can be found here. Insiders have sold a total of 43,668 shares of company stock valued at $3,708,000 in the last ninety days. Insiders own 3.63% of the company’s stock.
Shares of NYSE:GATX traded up $0.10 during midday trading on Friday, hitting $82.00. The stock had a trading volume of 228,930 shares, compared to its average volume of 287,969. GATX Co. has a 12 month low of $56.00 and a 12 month high of $91.12. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 2.43. The stock has a market capitalization of $3.26 billion, a PE ratio of 17.45, a P/E/G ratio of 1.14 and a beta of 1.38.
GATX (NYSE:GATX) last released its earnings results on Thursday, July 19th. The transportation company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.24. GATX had a net margin of 37.03% and a return on equity of 11.34%. The business had revenue of $349.50 million during the quarter, compared to analysts’ expectations of $340.50 million. During the same period last year, the business earned $1.32 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. On average, equities analysts predict that GATX Co. will post 5.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, September 30th. Shareholders of record on Friday, September 14th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, September 13th. GATX’s dividend payout ratio is 37.45%.
Several equities analysts have recently weighed in on GATX shares. Mizuho started coverage on shares of GATX in a research note on Thursday, June 28th. They set a “buy” rating and a $88.00 price target for the company. ValuEngine raised shares of GATX from a “hold” rating to a “buy” rating in a research note on Friday, June 29th. Zacks Investment Research cut shares of GATX from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Stifel Nicolaus set a $78.00 price target on shares of GATX and gave the stock a “hold” rating in a research note on Thursday, July 19th. Finally, Buckingham Research raised their price target on shares of GATX from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. GATX has an average rating of “Hold” and a consensus target price of $81.33.
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.
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