California State Teachers Retirement System trimmed its stake in GATX Corporation (NYSE:GATX) by 14.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,196 shares of the transportation company’s stock after selling 11,395 shares during the period. California State Teachers Retirement System owned 0.18% of GATX Corporation worth $4,447,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of GATX. Shine Investment Advisory Services Inc. purchased a new stake in shares of GATX Corporation in the 2nd quarter worth $118,000. IFP Advisors Inc increased its stake in shares of GATX Corporation by 2.9% in the 2nd quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock worth $145,000 after purchasing an additional 64 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of GATX Corporation by 55.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock worth $150,000 after purchasing an additional 831 shares in the last quarter. Advisor Group Inc. boosted its holdings in GATX Corporation by 15.5% in the 2nd quarter. Advisor Group Inc. now owns 2,519 shares of the transportation company’s stock worth $161,000 after buying an additional 338 shares during the period. Finally, LS Investment Advisors LLC boosted its holdings in GATX Corporation by 17.6% in the 2nd quarter. LS Investment Advisors LLC now owns 3,133 shares of the transportation company’s stock worth $201,000 after buying an additional 469 shares during the period.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of GATX Corporation from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Monday, July 24th. Citigroup Inc. dropped their target price on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a report on Friday, July 21st. Stifel Nicolaus raised shares of GATX Corporation from a “sell” rating to a “hold” rating and upped their target price for the stock from $50.00 to $54.00 in a report on Monday, July 17th. ValuEngine raised shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised shares of GATX Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. GATX Corporation currently has an average rating of “Hold” and an average price target of $57.33.
GATX Corporation (NYSE:GATX) last released its earnings results on Thursday, October 19th. The transportation company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.26. The business had revenue of $259.60 million during the quarter, compared to analysts’ expectations of $350.04 million. GATX Corporation had a net margin of 13.76% and a return on equity of 14.51%. The company’s quarterly revenue was down 28.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 31st. Investors of record on Friday, December 15th will be given a dividend of $0.42 per share. 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 2.83%. GATX Corporation’s payout ratio is presently 34.93%.
In related news, VP Jeffery R. Young sold 2,910 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total transaction of $170,817.00. Following the transaction, 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 this hyperlink. 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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