Parametrica Management Ltd bought a new position in GATX Corporation (NYSE:GATX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,608 shares of the transportation company’s stock, valued at approximately $296,000.
Other institutional investors have also modified their holdings of the company. Tyers Asset Management LLC boosted its stake in GATX Corporation by 10.1% in the first quarter. Tyers Asset Management LLC now owns 1,914 shares of the transportation company’s stock valued at $117,000 after buying an additional 176 shares during the period. IFP Advisors Inc raised its position in shares of GATX Corporation by 0.4% in the first quarter. IFP Advisors Inc now owns 2,195 shares of the transportation company’s stock valued at $134,000 after buying an additional 9 shares during the period. Flinton Capital Management LLC raised its position in shares of GATX Corporation by 10.1% in the first quarter. Flinton Capital Management LLC now owns 2,436 shares of the transportation company’s stock valued at $149,000 after buying an additional 224 shares during the period. Bank of Montreal Can raised its position in shares of GATX Corporation by 19.4% in the first quarter. Bank of Montreal Can now owns 2,525 shares of the transportation company’s stock valued at $154,000 after buying an additional 410 shares during the period. Finally, Neuburgh Advisers LLC raised its position in shares of GATX Corporation by 10.1% in the first quarter. Neuburgh Advisers LLC now owns 2,958 shares of the transportation company’s stock valued at $180,000 after buying an additional 272 shares during the period.
GATX Corporation (NYSE:GATX) traded up 1.32% during midday trading on Tuesday, hitting $64.45. 179,684 shares of the company traded hands. The firm has a market capitalization of $2.50 billion, a PE ratio of 10.86 and a beta of 1.19. GATX Corporation has a 12-month low of $40.66 and a 12-month high of $66.30. The stock’s 50-day moving average is $63.04 and its 200-day moving average is $60.47.
GATX Corporation (NYSE:GATX) last posted its earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.21. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The firm had revenue of $348.40 million for the quarter, compared to analyst estimates of $352.64 million. During the same period in the previous year, the firm posted $1.49 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts anticipate that GATX Corporation will post $4.60 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, September 15th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, September 14th. GATX Corporation’s dividend payout ratio is currently 28.38%.
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Several research analysts have commented on the company. Zacks Investment Research raised GATX Corporation from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Friday, April 21st. Citigroup Inc. lowered their target price on GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Stifel Nicolaus upgraded GATX Corporation from a “sell” rating to a “hold” rating and lifted their price target for the stock from $50.00 to $54.00 in a research note on Monday, July 17th. Cowen and Company reiterated a “market perform” rating and issued a $63.00 price target (up from $62.00) on shares of GATX Corporation in a research note on Sunday, April 23rd. Finally, Buckingham Research began coverage on GATX Corporation in a report on Wednesday, June 21st. They set a “neutral” rating and a $64.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.14.
In related news, EVP Deborah A. Golden sold 1,368 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $64.46, for a total transaction of $88,181.28. Following the transaction, the executive vice president now owns 37,083 shares in the company, valued at approximately $2,390,370.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul F. Titterton sold 2,843 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $61.68, for a total transaction of $175,356.24. Following the transaction, the senior vice president now owns 12,261 shares in the company, valued at approximately $756,258.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,517 shares of company stock worth $601,618. Insiders own 3.50% of the company’s stock.
GATX Corporation Company 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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