Dimensional Fund Advisors LP acquired a new stake in shares of GATX Co. (NASDAQ:GATX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,478,417 shares of the company’s stock, valued at approximately $214,203,000. Dimensional Fund Advisors LP owned about 8.76% of GATX at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in GATX during the fourth quarter worth $364,000. Prudential PLC acquired a new position in GATX during the fourth quarter worth $15,315,000. Raymond James Financial Services Advisors Inc. acquired a new position in GATX during the fourth quarter worth $202,000. Fifth Third Bancorp acquired a new position in GATX during the fourth quarter worth $2,475,000. Finally, Cipher Capital LP acquired a new position in GATX during the fourth quarter worth $2,122,000.
GATX Co. (NASDAQ:GATX) traded up 1.09% during midday trading on Friday, reaching $58.67. The company’s stock had a trading volume of 320,256 shares. GATX Co. has a 52 week low of $39.15 and a 52 week high of $64.46. The company’s 50-day moving average is $59.55 and its 200 day moving average is $50.39. The firm has a market capitalization of $2.33 billion and a P/E ratio of 9.33.
GATX (NASDAQ:GATX) last released its quarterly earnings results on Thursday, January 19th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.11. The company had revenue of $362.10 million for the quarter, compared to analysts’ expectations of $355.71 million. GATX’s quarterly revenue was down 4.4% compared to the same quarter last year. Analysts expect that GATX Co. will post $4.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, March 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.86%. This is a positive change from GATX’s previous quarterly dividend of $0.40.
A number of equities analysts recently weighed in on the company. Axiom Securities reaffirmed a “sell” rating on shares of GATX in a report on Tuesday, December 27th. Zacks Investment Research cut GATX from a “hold” rating to a “sell” rating in a report on Monday, January 23rd. Sidoti cut GATX from a “buy” rating to a “neutral” rating in a report on Wednesday, December 14th. Stifel Nicolaus cut GATX from a “hold” rating to a “sell” rating and set a $49.00 price target for the company. in a report on Thursday, January 12th. Finally, Citigroup Inc. assumed coverage on GATX in a report on Tuesday, December 20th. They issued a “buy” rating for the company. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. GATX has an average rating of “Hold” and a consensus target price of $43.75.
In related news, SVP Michael T. Brooks sold 6,800 shares of the firm’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $57.41, for a total transaction of $390,388.00. Following the transaction, the senior vice president now owns 15,591 shares of the company’s stock, valued at $895,079.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Paul F. Titterton sold 2,571 shares of the firm’s stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $60.31, for a total value of $155,057.01. Following the transaction, the senior vice president now directly owns 9,840 shares in the company, valued at approximately $593,450.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,889 shares of company stock worth $1,013,806.
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services.
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