Citigroup Inc. grew its stake in GATX Co. (NYSE:GATX - Free Report) by 209.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,602 shares of the transportation company's stock after purchasing an additional 20,045 shares during the period. Citigroup Inc. owned approximately 0.08% of GATX worth $3,921,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in GATX by 2.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company's stock worth $335,000 after acquiring an additional 71 shares during the period. Commonwealth Equity Services LLC grew its holdings in GATX by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the transportation company's stock worth $604,000 after acquiring an additional 78 shares during the period. CWM LLC grew its holdings in GATX by 20.2% in the third quarter. CWM LLC now owns 487 shares of the transportation company's stock valued at $65,000 after purchasing an additional 82 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in GATX by 5.3% in the second quarter. Johnson Investment Counsel Inc. now owns 1,843 shares of the transportation company's stock valued at $244,000 after purchasing an additional 93 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in GATX by 0.3% in the second quarter. Fifth Third Bancorp now owns 34,792 shares of the transportation company's stock valued at $4,605,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.
Insider Transactions at GATX
In other GATX news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of GATX stock in a transaction on Wednesday, October 9th. The stock was bought at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the transaction, the insider now owns 3,312,294 shares of the company's stock, valued at $442,688,093.10. The trade was a 0.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.99% of the company's stock.
GATX Trading Down 0.4 %
Shares of NYSE GATX traded down $0.66 during midday trading on Wednesday, hitting $161.78. The stock had a trading volume of 389,486 shares, compared to its average volume of 153,686. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 21.72 and a beta of 0.99. GATX Co. has a 1-year low of $110.94 and a 1-year high of $167.25. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. The company has a fifty day moving average price of $144.15 and a 200 day moving average price of $139.13.
GATX (NYSE:GATX - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.96 by $0.54. The business had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The company's revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $1.44 EPS. On average, analysts predict that GATX Co. will post 7.6 earnings per share for the current year.
GATX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, December 13th. This represents a $2.32 annualized dividend and a yield of 1.43%. GATX's dividend payout ratio is presently 31.02%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Sidoti lowered GATX from a "buy" rating to a "neutral" rating and set a $158.00 target price on the stock. in a report on Wednesday. The Goldman Sachs Group initiated coverage on GATX in a research report on Monday, November 18th. They issued a "buy" rating and a $185.00 price objective on the stock. Finally, Susquehanna upped their price objective on GATX from $122.00 to $140.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $151.80.
Check Out Our Latest Research Report on GATX
About GATX
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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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