Chicago Equity Partners LLC Sells 835 Shares of GATX (GATX)

Chicago Equity Partners LLC decreased its position in GATX (NYSE:GATX) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,150 shares of the transportation company’s stock after selling 835 shares during the quarter. Chicago Equity Partners LLC owned about 0.06% of GATX worth $1,586,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GATX. Schwab Charles Investment Management Inc. grew its stake in shares of GATX by 5.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 335,637 shares of the transportation company’s stock valued at $20,864,000 after buying an additional 16,924 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of GATX in the 4th quarter valued at approximately $796,000. Smith Graham & Co. Investment Advisors LP grew its stake in shares of GATX by 2.0% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 122,855 shares of the transportation company’s stock valued at $7,637,000 after buying an additional 2,380 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of GATX by 85.4% in the 4th quarter. SG Americas Securities LLC now owns 17,995 shares of the transportation company’s stock valued at $1,119,000 after buying an additional 8,291 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of GATX in the 4th quarter valued at approximately $109,000.

In other news, VP Eric D. Harkness sold 2,550 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $70.48, for a total transaction of $179,724.00. Following the completion of the transaction, the vice president now directly owns 5,121 shares in the company, valued at $360,928.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Niyi Adedoyin sold 504 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $71.68, for a total value of $36,126.72. The disclosure for this sale can be found here. 3.63% of the stock is owned by insiders.

Several equities research analysts recently commented on GATX shares. Zacks Investment Research cut GATX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 target price (up previously from $56.00) on shares of GATX in a research report on Monday, January 22nd. ValuEngine raised GATX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Citigroup upped their target price on GATX from $71.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Cowen reaffirmed a “market perform” rating and set a $69.00 target price (up previously from $61.00) on shares of GATX in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.20.

Shares of GATX opened at $73.87 on Friday, Marketbeat reports. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 1.03 and a beta of 1.22. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.08 and a quick ratio of 3.08. GATX has a 12-month low of $73.62 and a 12-month high of $73.92.

GATX (NYSE:GATX) last announced its earnings results on Thursday, April 19th. The transportation company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.81. The firm had revenue of $305.30 million during the quarter, compared to analysts’ expectations of $304.46 million. GATX had a return on equity of 12.45% and a net margin of 38.12%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share. equities analysts predict that GATX will post 4.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 30th. Shareholders of record on Friday, June 15th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.38%. GATX’s payout ratio is currently 37.45%.

About GATX

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.

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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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