NFJ Investment Group LLC bought a new stake in GATX Co. (NYSE:GATX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,714 shares of the transportation company's stock, valued at approximately $2,479,000. NFJ Investment Group LLC owned approximately 0.05% of GATX at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in GATX. American Century Companies Inc. raised its position in shares of GATX by 16.9% in the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company's stock valued at $110,074,000 after buying an additional 120,149 shares in the last quarter. Earnest Partners LLC raised its position in shares of GATX by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company's stock valued at $412,710,000 after buying an additional 68,243 shares in the last quarter. Sei Investments Co. grew its holdings in shares of GATX by 4.9% during the 2nd quarter. Sei Investments Co. now owns 869,643 shares of the transportation company's stock valued at $115,106,000 after purchasing an additional 40,924 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of GATX during the 3rd quarter valued at approximately $3,922,000. Finally, AE Wealth Management LLC grew its holdings in shares of GATX by 46.4% during the 2nd quarter. AE Wealth Management LLC now owns 71,366 shares of the transportation company's stock valued at $9,446,000 after purchasing an additional 22,619 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at GATX
In related news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the firm's stock in a transaction that occurred on Wednesday, October 9th. The stock was acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the acquisition, the insider now owns 3,312,294 shares of the company's stock, valued at approximately $442,688,093.10. This represents a 0.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.99% of the stock is owned by insiders.
GATX Stock Down 1.0 %
NYSE GATX traded down $1.64 on Wednesday, hitting $160.80. 75,754 shares of the company were exchanged, compared to its average volume of 152,324. The company has a market cap of $5.71 billion, a PE ratio of 21.72 and a beta of 0.99. GATX Co. has a 12 month low of $110.94 and a 12 month high of $167.25. The stock has a fifty day moving average of $144.15 and a 200-day moving average of $139.13. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41.
GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.54. The business had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. GATX had a net margin of 17.76% and a return on equity of 11.98%. GATX's revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share. As a group, analysts forecast that GATX Co. will post 7.6 earnings per share for the current year.
GATX Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, December 13th. GATX's payout ratio is currently 31.02%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on GATX shares. Sidoti lowered shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 price target on the stock. in a report on Wednesday. Susquehanna boosted their target price on shares of GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group began coverage on shares of GATX in a report on Monday, November 18th. They set a "buy" rating and a $185.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $151.80.
Get Our Latest Report on GATX
GATX Company Profile
(
Free Report)
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.
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