Janus Henderson Group PLC Sells 140,962 Shares of GATX Co. (NYSE:GATX)

Janus Henderson Group PLC cut its holdings in GATX Co. (NYSE:GATX - Free Report) by 24.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 428,049 shares of the transportation company's stock after selling 140,962 shares during the quarter. Janus Henderson Group PLC owned approximately 1.21% of GATX worth $56,694,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GATX. American Century Companies Inc. boosted its stake in GATX by 16.9% in the second 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 boosted its stake in GATX by 2.2% in the second 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. boosted its stake in GATX by 4.9% in the second quarter. Sei Investments Co. now owns 869,643 shares of the transportation company's stock valued at $115,106,000 after buying an additional 40,924 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of GATX during the third quarter valued at about $3,922,000. Finally, AE Wealth Management LLC boosted its stake in shares of GATX by 46.4% during the second 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 in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other GATX news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the stock in a transaction on Wednesday, October 9th. The stock was acquired at an average cost 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 in the company, valued at $442,688,093.10. This trade represents a 0.27 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.

GATX Trading Up 1.0 %

Shares of GATX traded up $1.59 during mid-day trading on Friday, reaching $160.83. 129,682 shares of the company were exchanged, compared to its average volume of 153,698. GATX Co. has a 52 week low of $111.13 and a 52 week high of $167.25. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41. The stock has a market capitalization of $5.71 billion, a PE ratio of 21.50 and a beta of 0.99. The business has a 50 day simple moving average of $145.17 and a two-hundred day simple moving average of $139.42.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.54. GATX had a return on equity of 11.98% and a net margin of 17.76%. The company had revenue of $405.40 million during the quarter, compared to the consensus estimate of $391.65 million. During the same period last year, the company earned $1.44 earnings per share. The firm's revenue was up 12.6% compared to the same quarter last year. On average, analysts predict that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a yield of 1.44%. GATX's payout ratio is currently 31.02%.

About GATX

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.