Comerica Bank Sells 509 Shares of GATX Co. (NYSE:GATX)

Comerica Bank reduced its position in GATX Co. (NYSE:GATX) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,173 shares of the transportation company’s stock after selling 509 shares during the period. Comerica Bank’s holdings in GATX were worth $2,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in GATX by 91.8% in the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock worth $25,000 after acquiring an additional 78 shares in the last quarter. Assetmark Inc. raised its position in shares of GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in GATX during the 4th quarter worth approximately $39,000. Compagnie Lombard Odier SCmA acquired a new position in GATX during the 4th quarter valued at approximately $46,000. Finally, Huntington National Bank raised its holdings in shares of GATX by 54.3% in the fourth quarter. Huntington National Bank now owns 344 shares of the transportation company’s stock worth $53,000 after buying an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GATX. The Goldman Sachs Group reissued a “buy” rating on shares of GATX in a research report on Wednesday, April 23rd. Susquehanna cut their price objective on GATX from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th.

GATX Stock Up 0.8 %

NYSE:GATX opened at $145.64 on Friday. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. The company’s fifty day moving average price is $150.26 and its 200-day moving average price is $154.81. GATX Co. has a 1-year low of $127.00 and a 1-year high of $168.89. The firm has a market capitalization of $5.20 billion, a P/E ratio of 18.74 and a beta of 1.18.

GATX (NYSE:GATX) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.06. The company had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. GATX had a return on equity of 12.07% and a net margin of 17.92%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $2.01 EPS. As a group, equities research analysts anticipate that GATX Co. will post 8.5 EPS for the current year.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, June 13th. GATX’s payout ratio is presently 30.93%.

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.