Skylands Capital LLC Trims Stake in GATX Co. (GATX)

Skylands Capital LLC trimmed its position in shares of GATX Co. (NYSE:GATX) by 35.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 65,650 shares of the transportation company’s stock after selling 35,600 shares during the period. Skylands Capital LLC’s holdings in GATX were worth $4,081,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in GATX in the 3rd quarter worth approximately $5,199,000. State Street Corp lifted its holdings 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 purchasing an additional 59,729 shares during the last quarter. Prudential Financial Inc. lifted its holdings in GATX by 32.5% in the 3rd quarter. Prudential Financial Inc. now owns 211,476 shares of the transportation company’s stock worth $13,018,000 after purchasing an additional 51,840 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in GATX by 7,147.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,386 shares of the transportation company’s stock worth $2,921,000 after purchasing an additional 45,746 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings 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 purchasing an additional 45,088 shares during the last quarter.

Shares of GATX Co. (NYSE:GATX) opened at $65.71 on Wednesday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 2.92. The firm has a market capitalization of $2,546.18, a P/E ratio of 13.66, a P/E/G ratio of 1.03 and a beta of 1.21. GATX Co. has a 1-year low of $55.82 and a 1-year high of $67.30.

GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.26. The company had revenue of $259.60 million for 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%. The company’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.50 EPS. analysts predict that GATX Co. will post 4.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 31st. Shareholders of record on Friday, December 15th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, December 14th. GATX’s dividend payout ratio is currently 34.93%.

Several research firms recently weighed in on GATX. Seaport Global Securities began coverage on GATX in a report on Thursday, January 4th. They issued a “neutral” rating for the company. Stifel Nicolaus restated a “hold” rating and issued a $56.00 target price on shares of GATX in a report on Tuesday, October 17th. BidaskClub upgraded GATX from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered GATX from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, ValuEngine lowered GATX from a “strong-buy” rating to a “buy” rating in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. GATX currently has an average rating of “Hold” and a consensus target price of $57.83.

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About GATX

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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