First Midwest Bank Trust Division decreased its holdings in GATX Corporation (NYSE:GATX) by 17.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,170 shares of the transportation company’s stock after selling 2,088 shares during the quarter. First Midwest Bank Trust Division’s holdings in GATX Corporation were worth $626,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Fox Run Management L.L.C. raised its position in GATX Corporation by 145.8% in the 3rd quarter. Fox Run Management L.L.C. now owns 11,800 shares of the transportation company’s stock valued at $726,000 after purchasing an additional 7,000 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of GATX Corporation in the 2nd quarter valued at $272,000. Public Employees Retirement System of Ohio increased its stake in shares of GATX Corporation by 0.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 19,651 shares of the transportation company’s stock valued at $1,263,000 after buying an additional 107 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of GATX Corporation in the 2nd quarter valued at $249,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of GATX Corporation in the 2nd quarter valued at $244,000.
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Several equities research analysts have recently commented on GATX shares. BidaskClub raised GATX Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research cut GATX Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Buckingham Research lowered their target price on GATX Corporation from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Cowen and Company reissued a “hold” rating and issued a $63.00 target price on shares of GATX Corporation in a research note on Monday, August 28th. Finally, Stifel Nicolaus raised GATX Corporation from a “sell” rating to a “hold” rating and lifted their target price for the company from $50.00 to $54.00 in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. GATX Corporation has an average rating of “Hold” and a consensus target price of $57.33.
Shares of GATX Corporation (GATX) traded up 0.30% during midday trading on Tuesday, hitting $59.80. The company had a trading volume of 13,146 shares. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.08 and a beta of 1.20. The stock’s 50-day moving average price is $61.38 and its 200-day moving average price is $61.49. GATX Corporation has a one year low of $42.21 and a one year high of $66.30.
GATX Corporation (NYSE:GATX) last posted its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.26. The business had revenue of $259.60 million during the quarter, compared to the consensus estimate of $350.04 million. GATX Corporation had a return on equity of 14.51% and a net margin of 13.76%. GATX Corporation’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 earnings per share. Analysts predict that GATX Corporation will post $4.72 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 31st. Investors of record on Friday, December 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.82%. GATX Corporation’s payout ratio is 34.93%.
In related news, VP Jeffery R. Young sold 2,910 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total value of $170,817.00. Following the completion of the sale, the vice president now directly owns 6,881 shares in the company, valued at $403,914.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.
GATX Corporation 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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