American International Group Inc. Increases Stake in GATX Co. (GATX)

American International Group Inc. lifted its holdings in GATX Co. (NYSE:GATX) by 1.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 100,899 shares of the transportation company’s stock after purchasing an additional 1,229 shares during the period. American International Group Inc. owned about 0.27% of GATX worth $8,737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of GATX by 4.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 919,283 shares of the transportation company’s stock worth $79,601,000 after purchasing an additional 40,008 shares during the period. Janus Henderson Group PLC lifted its position in GATX by 4.7% during the third quarter. Janus Henderson Group PLC now owns 889,854 shares of the transportation company’s stock valued at $77,052,000 after acquiring an additional 40,142 shares during the last quarter. EAM Investors LLC purchased a new stake in GATX during the third quarter valued at approximately $3,053,000. Commonwealth Bank of Australia purchased a new stake in GATX during the third quarter valued at approximately $424,000. Finally, JPMorgan Chase & Co. lifted its position in GATX by 40.3% during the third quarter. JPMorgan Chase & Co. now owns 114,326 shares of the transportation company’s stock valued at $9,900,000 after acquiring an additional 32,854 shares during the last quarter.

A number of equities research analysts recently commented on GATX shares. Mizuho reissued a “buy” rating on shares of GATX in a research report on Friday, August 31st. Zacks Investment Research cut shares of GATX from a “buy” rating to a “hold” rating in a research report on Monday, September 3rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. GATX presently has a consensus rating of “Hold” and an average price target of $79.50.

In other GATX news, EVP Deborah A. Golden sold 2,869 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $81.73, for a total value of $234,483.37. Following the completion of the transaction, the executive vice president now owns 43,610 shares of the company’s stock, valued at $3,564,245.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.63% of the company’s stock.

NYSE:GATX opened at $83.51 on Friday. GATX Co. has a 52 week low of $58.98 and a 52 week high of $91.12. The company has a debt-to-equity ratio of 2.40, a current ratio of 3.05 and a quick ratio of 3.05. The company has a market cap of $3.14 billion, a P/E ratio of 17.77, a PEG ratio of 1.09 and a beta of 1.43.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, October 23rd. The transportation company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.15. GATX had a net margin of 37.15% and a return on equity of 10.65%. The company had revenue of $349.70 million during the quarter, compared to analysts’ expectations of $357.00 million. During the same quarter in the prior year, the company posted $1.25 earnings per share. GATX’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that GATX Co. will post 5.1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.11%. GATX’s dividend payout ratio is currently 37.45%.

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GATX Profile

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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