Retirement Systems of Alabama decreased its holdings in shares of GATX Co. (NYSE:GATX) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,407 shares of the transportation company’s stock after selling 679 shares during the quarter. Retirement Systems of Alabama owned 0.13% of GATX worth $3,598,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Motco bought a new stake in GATX in the 2nd quarter worth approximately $26,000. Doyle Wealth Management bought a new stake in GATX in the 2nd quarter worth approximately $32,000. Steward Partners Investment Advisory LLC bought a new stake in GATX in the 2nd quarter worth approximately $41,000. Tower Research Capital LLC TRC lifted its position in GATX by 56.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 554 shares of the transportation company’s stock worth $44,000 after buying an additional 200 shares during the last quarter. Finally, First Bank & Trust lifted its position in GATX by 455.2% in the 3rd quarter. First Bank & Trust now owns 644 shares of the transportation company’s stock worth $50,000 after buying an additional 528 shares during the last quarter.
NYSE:GATX opened at $84.39 on Friday. The business has a 50 day moving average of $77.80 and a 200 day moving average of $76.32. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.09 and a beta of 1.46. GATX Co. has a 1-year low of $67.46 and a 1-year high of $86.01. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.65 and a quick ratio of 1.65.
GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.08. GATX had a return on equity of 10.18% and a net margin of 14.63%. The firm had revenue of $360.70 million during the quarter, compared to the consensus estimate of $355.55 million. During the same quarter in the previous year, the company posted $1.22 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that GATX Co. will post 5.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.46 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.84 annualized dividend and a yield of 2.18%. GATX’s payout ratio is currently 35.25%.
In other GATX news, VP Robert Zmudka sold 2,134 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $75.94, for a total value of $162,055.96. Following the completion of the sale, the vice president now owns 9,564 shares in the company, valued at $726,290.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.72% of the company’s stock.
A number of research firms recently weighed in on GATX. ValuEngine upgraded GATX from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Cowen restated a “hold” rating and issued a $85.00 target price on shares of GATX in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. GATX has a consensus rating of “Buy” and an average target price of $85.75.
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.
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