State Board of Administration of Florida Retirement System purchased a new stake in GATX Co. (NYSE:GATX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,103 shares of the transportation company’s stock, valued at approximately $992,000.
Separately, Bessemer Group Inc. purchased a new position in shares of GATX during the fourth quarter valued at approximately $250,000.
Shares of GATX Co. (NYSE:GATX) traded down 0.87% on Friday, reaching $61.54. 306,260 shares of the company were exchanged. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 9.78 and a beta of 1.18. GATX Co. has a 52 week low of $40.66 and a 52 week high of $64.46. The firm’s 50 day moving average price is $59.59 and its 200 day moving average price is $55.87.
GATX (NYSE:GATX) last released its quarterly earnings results on Thursday, April 20th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.36. The business earned $316.10 million during the quarter, compared to the consensus estimate of $312.24 million. GATX had a return on equity of 19.97% and a net margin of 18.13%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts anticipate that GATX Co. will post $4.50 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 10th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Wednesday, March 8th. This is an increase from GATX’s previous quarterly dividend of $0.40. GATX’s payout ratio is 25.48%.
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GATX has been the subject of several recent analyst reports. Stifel Nicolaus downgraded shares of GATX from a “hold” rating to a “sell” rating and set a $49.00 price objective for the company. in a research note on Thursday, January 12th. Axiom Securities reiterated a “sell” rating and set a $27.00 price target on shares of GATX in a research report on Tuesday, January 24th. Zacks Investment Research cut shares of GATX from a “hold” rating to a “sell” rating in a research report on Monday, January 23rd. Finally, Cowen and Company began coverage on shares of GATX in a research report on Friday, March 3rd. They set a “market perform” rating and a $62.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $50.00.
In other GATX news, SVP Michael T. Brooks sold 3,653 shares of GATX stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $59.45, for a total value of $217,170.85. Following the completion of the sale, the senior vice president now owns 27,300 shares in the company, valued at approximately $1,622,985. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP William M. Muckian sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $59.06, for a total value of $59,060.00. Following the sale, the vice president now owns 10,160 shares of the company’s stock, valued at approximately $600,049.60. The disclosure for this sale can be found here. Insiders have sold a total of 16,993 shares of company stock valued at $995,795 in the last ninety days. Corporate insiders own 3.43% of the company’s stock.
GATX Company Profile
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
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