First Mercantile Trust Co. cut its stake in GATX Corporation (NYSE:GATX) by 45.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,210 shares of the transportation company’s stock after selling 4,370 shares during the period. First Mercantile Trust Co.’s holdings in GATX Corporation were worth $335,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of GATX. BlackRock Inc. boosted its stake in GATX Corporation by 14,968.9% in the first quarter. BlackRock Inc. now owns 4,203,323 shares of the transportation company’s stock valued at $256,234,000 after buying an additional 4,175,429 shares during the last quarter. Systematic Financial Management LP boosted its stake in GATX Corporation by 36.1% in the first quarter. Systematic Financial Management LP now owns 797,333 shares of the transportation company’s stock valued at $48,605,000 after buying an additional 211,598 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in GATX Corporation during the first quarter valued at about $8,293,000. AQR Capital Management LLC boosted its stake in GATX Corporation by 35.2% in the first quarter. AQR Capital Management LLC now owns 518,271 shares of the transportation company’s stock valued at $31,594,000 after buying an additional 135,041 shares during the last quarter. Finally, Norges Bank purchased a new stake in GATX Corporation during the fourth quarter valued at about $8,143,000.
GATX Corporation (GATX) opened at 60.49 on Friday. The stock’s 50 day moving average price is $62.57 and its 200 day moving average price is $60.71. GATX Corporation has a one year low of $40.66 and a one year high of $66.30. The firm has a market capitalization of $2.34 billion, a PE ratio of 10.20 and a beta of 1.19.
GATX Corporation (NYSE:GATX) last issued its quarterly earnings data on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.21. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The business had revenue of $348.40 million during the quarter, compared to analysts’ expectations of $352.64 million. During the same period last year, the company posted $1.49 EPS. The company’s revenue was down 2.9% on a year-over-year basis. Analysts expect that GATX Corporation will post $4.60 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.78%. GATX Corporation’s dividend payout ratio (DPR) is 28.38%.
Several equities research analysts recently issued reports on GATX shares. Axiom Securities reiterated a “sell” rating on shares of GATX Corporation in a report on Friday, June 16th. ValuEngine upgraded GATX Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Citigroup Inc. lowered their target price on GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Zacks Investment Research cut GATX Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Buckingham Research initiated coverage on GATX Corporation in a report on Wednesday, June 21st. They set a “neutral” rating and a $64.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. GATX Corporation presently has an average rating of “Hold” and an average price target of $56.14.
In other news, EVP Thomas A. Ellman sold 2,239 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $61.52, for a total transaction of $137,743.28. Following the completion of the transaction, the executive vice president now directly owns 30,740 shares of the company’s stock, valued at approximately $1,891,124.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Paul F. Titterton sold 2,843 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $61.68, for a total transaction of $175,356.24. Following the transaction, the senior vice president now directly owns 12,261 shares of the company’s stock, valued at $756,258.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,517 shares of company stock valued at $601,618. Corporate insiders own 3.50% of the company’s stock.
About GATX Corporation
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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