KBC Group NV lifted its position in shares of GATX Corporation (NYSE:GATX) by 32.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,703 shares of the transportation company’s stock after buying an additional 32,043 shares during the quarter. KBC Group NV owned about 0.34% of GATX worth $7,985,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of GATX by 2.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 318,713 shares of the transportation company’s stock worth $19,620,000 after buying an additional 7,607 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of GATX during the third quarter worth $5,199,000. Wells Fargo & Company MN lifted its holdings in shares of GATX by 0.7% during the third quarter. Wells Fargo & Company MN now owns 583,264 shares of the transportation company’s stock worth $35,905,000 after buying an additional 3,844 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of GATX by 7,147.8% during the third quarter. JPMorgan Chase & Co. now owns 46,386 shares of the transportation company’s stock worth $2,921,000 after buying an additional 45,746 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in GATX by 8.1% in the third quarter. Legal & General Group Plc now owns 54,016 shares of the transportation company’s stock valued at $3,331,000 after purchasing an additional 4,025 shares in the last quarter.
In other GATX news, VP Jeffery R. Young sold 2,910 shares of GATX stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total value of $170,817.00. Following the transaction, the vice president now owns 6,881 shares in the company, valued at $403,914.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.
GATX (NYSE:GATX) last posted 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. The business had revenue of $259.60 million during the quarter, compared to the consensus estimate of $350.04 million. GATX had a return on equity of 14.51% and a net margin of 13.76%. GATX’s revenue for the quarter was down 28.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 earnings per share. analysts anticipate that GATX Corporation will post 4.7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 31st. Shareholders of record on Friday, December 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Thursday, December 14th. GATX’s dividend payout ratio is presently 34.93%.
GATX has been the subject of a number of analyst reports. BidaskClub raised GATX from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research downgraded GATX from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Buckingham Research dropped their price target on GATX from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Cowen reaffirmed a “hold” rating and issued a $63.00 price target on shares of GATX in a research note on Monday, August 28th. Finally, ValuEngine downgraded GATX from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.33.
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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