Jane Street Group LLC decreased its holdings in GATX Co. (NYSE:GATX - Free Report) by 17.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 44,259 shares of the transportation company's stock after selling 9,408 shares during the period. Jane Street Group LLC owned approximately 0.12% of GATX worth $5,862,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of GATX by 108.4% during the second quarter. SG Americas Securities LLC now owns 5,751 shares of the transportation company's stock worth $761,000 after purchasing an additional 2,992 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in GATX by 2.9% during the 2nd 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 in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in GATX by 8.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,144 shares of the transportation company's stock worth $681,000 after acquiring an additional 395 shares during the period. Gradient Investments LLC acquired a new stake in GATX in the second quarter valued at approximately $25,000. Finally, Raymond James & Associates raised its stake in shares of GATX by 5.9% during the second quarter. Raymond James & Associates now owns 32,071 shares of the transportation company's stock valued at $4,245,000 after purchasing an additional 1,787 shares during the period. 93.14% of the stock is owned by institutional investors and hedge funds.
GATX Stock Up 0.8 %
GATX traded up $1.29 during trading on Monday, hitting $162.61. The company had a trading volume of 146,075 shares, compared to its average volume of 154,374. GATX Co. has a 1-year low of $114.78 and a 1-year high of $167.74. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. The company has a market cap of $5.77 billion, a PE ratio of 21.74 and a beta of 0.99. The business has a 50-day moving average of $149.61 and a 200-day moving average of $140.76.
GATX (NYSE:GATX - Get Free Report) last released its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company had revenue of $405.40 million during the quarter, compared to the consensus estimate of $391.65 million. During the same quarter in the previous year, the firm earned $1.44 EPS. The company's revenue was up 12.6% on a year-over-year basis. As a group, analysts forecast that GATX Co. will post 7.6 earnings per share for the current year.
GATX Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.58 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.43%. GATX's payout ratio is 31.02%.
Analyst Upgrades and Downgrades
GATX has been the subject of several analyst reports. Sidoti lowered shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 price target for the company. in a report on Wednesday, December 4th. Susquehanna upped their price objective on shares of GATX from $122.00 to $140.00 and gave the company a "neutral" rating in a research report 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 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, GATX currently has an average rating of "Hold" and an average target price of $151.80.
Read Our Latest Stock Report on GATX
Insider Activity
In other GATX news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the company's stock in a transaction that occurred on Wednesday, October 9th. The shares were purchased 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 $442,688,093.10. The trade was a 0.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.80% of the company's stock.
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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