First Trust Advisors LP decreased its stake in shares of GATX Co. (NYSE:GATX) by 11.1% during the first quarter, Holdings Channel reports. The institutional investor owned 60,327 shares of the transportation company’s stock after selling 7,524 shares during the period. First Trust Advisors LP’s holdings in GATX were worth $3,678,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Systematic Financial Management LP purchased a new position in shares of GATX during the fourth quarter valued at about $36,070,000. FMR LLC purchased a new position in shares of GATX during the fourth quarter valued at about $33,719,000. Federated Investors Inc. PA purchased a new position in shares of GATX during the fourth quarter valued at about $865,000. Dimensional Fund Advisors LP purchased a new position in shares of GATX during the fourth quarter valued at about $214,203,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of GATX during the fourth quarter valued at about $364,000.
GATX Co. (GATX) opened at 61.55 on Tuesday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 10.14 and a beta of 1.18. GATX Co. has a one year low of $40.66 and a one year high of $64.46. The stock has a 50 day moving average price of $60.02 and a 200 day moving average price of $59.36.
GATX (NYSE:GATX) last issued its earnings results on Thursday, April 20th. The transportation company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.36. GATX had a net margin of 18.13% and a return on equity of 19.97%. The firm had revenue of $316.10 million for the quarter, compared to analyst estimates of $312.24 million. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities analysts predict that GATX Co. will post $4.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.68 dividend on an annualized basis and a yield of 2.73%. GATX’s dividend payout ratio is currently 25.48%.
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Several equities analysts recently issued reports on GATX shares. ValuEngine raised GATX from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research raised GATX from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Friday, April 21st. Cowen and Company reaffirmed a “market perform” rating and set a $63.00 price objective (up from $62.00) on shares of GATX in a report on Sunday, April 23rd. Finally, Axiom Securities reaffirmed a “sell” rating on shares of GATX in a report on Thursday, March 16th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $50.20.
In other news, EVP Thomas A. Ellman sold 2,239 shares of GATX stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $61.52, for a total transaction of $137,743.28. Following the transaction, the executive vice president now owns 30,740 shares in the company, valued at $1,891,124.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP William M. Muckian sold 1,000 shares of GATX stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $59.06, for a total transaction of $59,060.00. Following the transaction, the vice president now owns 10,160 shares in the company, valued at approximately $600,049.60. The disclosure for this sale can be found here. Company insiders own 3.43% of the company’s stock.
GATX Company Profile
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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