Crossmark Global Holdings Inc. Invests $233,000 in GATX Corporation (GATX)

Crossmark Global Holdings Inc. acquired a new position in GATX Corporation (NYSE:GATX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,783 shares of the transportation company’s stock, valued at approximately $233,000.

Other large investors also recently bought and sold shares of the company. LSV Asset Management increased its stake in GATX by 48.5% in the 2nd quarter. LSV Asset Management now owns 398,136 shares of the transportation company’s stock worth $25,588,000 after buying an additional 130,034 shares in the last quarter. Prudential Financial Inc. increased its stake in GATX by 68.7% in the 2nd quarter. Prudential Financial Inc. now owns 159,636 shares of the transportation company’s stock worth $10,260,000 after buying an additional 64,988 shares in the last quarter. State Street Corp increased its stake in GATX by 4.5% in the 2nd quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock worth $89,470,000 after buying an additional 59,729 shares in the last quarter. Northern Trust Corp increased its stake in GATX by 4.3% in the 2nd quarter. Northern Trust Corp now owns 1,085,985 shares of the transportation company’s stock worth $69,796,000 after buying an additional 45,088 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of GATX by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,928,720 shares of the transportation company’s stock valued at $316,768,000 after purchasing an additional 22,954 shares during the last quarter.

GATX Corporation (GATX) opened at $61.54 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 3.13 and a quick ratio of 3.13. GATX Corporation has a 1-year low of $55.44 and a 1-year high of $66.30. The company has a market cap of $2,356.98, a PE ratio of 11.95, a P/E/G ratio of 0.87 and a beta of 1.20.

GATX (NYSE:GATX) last announced its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.26. GATX had a net margin of 13.76% and a return on equity of 14.51%. The firm had revenue of $259.60 million during the quarter, compared to the consensus estimate of $350.04 million. During the same quarter last year, the firm earned $1.50 EPS. The firm’s revenue for the quarter was down 28.5% compared to the same quarter last year. research analysts expect that GATX Corporation will post 4.7 earnings per share for the current year.

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 issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, December 14th. GATX’s payout ratio is 34.93%.

Several research analysts have commented on GATX shares. BidaskClub raised shares of GATX from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research downgraded shares of GATX from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Buckingham Research dropped their price objective on shares of GATX from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, October 20th. Cowen reissued a “hold” rating and set a $63.00 price objective on shares of GATX in a report on Monday, August 28th. Finally, ValuEngine downgraded shares of GATX from a “strong-buy” rating to a “buy” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. GATX has a consensus rating of “Hold” and an average target price of $57.33.

In related news, VP Jeffery R. Young sold 2,910 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total value of $170,817.00. Following the completion of the transaction, the vice president now owns 6,881 shares of the company’s stock, valued at approximately $403,914.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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