Fmr LLC Sells 10,344 Shares of GATX Co. (NYSE:GATX)

FMR LLC cut its stake in shares of GATX Co. (NYSE:GATX - Free Report) by 64.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,738 shares of the transportation company's stock after selling 10,344 shares during the quarter. FMR LLC's holdings in GATX were worth $760,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Earnest Partners LLC raised its holdings in GATX by 2.2% during the second quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company's stock valued at $412,710,000 after acquiring an additional 68,243 shares during the period. Sei Investments Co. raised its stake in 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 period. American Century Companies Inc. lifted its holdings in GATX by 16.9% in the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company's stock worth $110,074,000 after purchasing an additional 120,149 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in GATX by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company's stock worth $62,878,000 after purchasing an additional 17,255 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in GATX by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 378,274 shares of the transportation company's stock valued at $50,068,000 after buying an additional 5,686 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on GATX. Sidoti lowered shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 target price for the company. in a research report on Wednesday, December 4th. Susquehanna boosted their price target on shares of GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group began coverage on GATX in a research report on Monday, November 18th. They set a "buy" rating and a $185.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, GATX currently has an average rating of "Hold" and a consensus target price of $151.80.

Insider Buying and Selling at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of GATX stock in a transaction on Wednesday, October 9th. The shares were acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the purchase, the insider now directly owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. This trade represents a 0.27 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company's stock.

GATX Price Performance

GATX traded down $5.90 during trading hours on Wednesday, hitting $155.21. The company's stock had a trading volume of 175,037 shares, compared to its average volume of 154,643. GATX Co. has a 12 month low of $114.78 and a 12 month high of $167.74. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. The business's 50-day moving average price is $150.16 and its 200-day moving average price is $140.92. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 20.75 and a beta of 0.99.

GATX (NYSE:GATX - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.54. The firm had revenue of $405.40 million for the quarter, compared to analysts' expectations of $391.65 million. GATX had a net margin of 17.76% and a return on equity of 11.98%. The business's revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. Sell-side analysts expect that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, December 13th. GATX's payout ratio is 31.02%.

GATX Company 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.