Truist Financial Corp Raises Position in GATX Co. (NYSE:GATX)

Truist Financial Corp increased its holdings in GATX Co. (NYSE:GATXGet Rating) by 4.2% during the third quarter, Holdings Channel.com reports. The firm owned 9,821 shares of the transportation company’s stock after acquiring an additional 394 shares during the quarter. Truist Financial Corp’s holdings in GATX were worth $836,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its position in GATX by 2.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,490 shares of the transportation company’s stock worth $554,000 after purchasing an additional 114 shares during the period. Commonwealth Equity Services LLC increased its position in shares of GATX by 3.1% in the second quarter. Commonwealth Equity Services LLC now owns 4,218 shares of the transportation company’s stock valued at $397,000 after acquiring an additional 125 shares during the period. Ellevest Inc. increased its position in shares of GATX by 311.3% in the second quarter. Ellevest Inc. now owns 399 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 302 shares during the period. Bank of Montreal Can increased its position in shares of GATX by 1.8% in the second quarter. Bank of Montreal Can now owns 17,569 shares of the transportation company’s stock valued at $1,696,000 after acquiring an additional 303 shares during the period. Finally, Ronald Blue Trust Inc. increased its position in shares of GATX by 24.9% in the third quarter. Ronald Blue Trust Inc. now owns 1,539 shares of the transportation company’s stock valued at $145,000 after acquiring an additional 307 shares during the period. Hedge funds and other institutional investors own 99.10% of the company’s stock.

GATX Trading Up 0.4 %

Shares of GATX opened at $108.06 on Friday. The firm’s 50-day moving average price is $109.90 and its 200-day moving average price is $101.35. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 23.14 and a beta of 1.07. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 3.28. GATX Co. has a 1-year low of $84.96 and a 1-year high of $127.58.

GATX (NYSE:GATXGet Rating) last announced its earnings results on Tuesday, October 25th. The transportation company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). The company had revenue of $321.00 million for the quarter, compared to the consensus estimate of $321.66 million. GATX had a net margin of 13.25% and a return on equity of 10.98%. Sell-side analysts anticipate that GATX Co. will post 5.94 EPS for the current year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 31st. Investors of record on Thursday, December 15th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.92%. The ex-dividend date was Wednesday, December 14th. GATX’s payout ratio is currently 44.54%.

Analysts Set New Price Targets

A number of research firms have issued reports on GATX. Susquehanna cut shares of GATX from a “positive” rating to a “neutral” rating in a research report on Monday, November 7th. StockNews.com began coverage on shares of GATX in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Susquehanna Bancshares cut shares of GATX to a “neutral” rating in a research report on Monday, November 7th.

Insider Buying and Selling

In related news, EVP Deborah A. Golden sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $105.47, for a total transaction of $263,675.00. Following the sale, the executive vice president now owns 8,448 shares of the company’s stock, valued at $891,010.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Deborah A. Golden sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $105.47, for a total transaction of $263,675.00. Following the sale, the executive vice president now owns 8,448 shares of the company’s stock, valued at $891,010.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer Mcmanus sold 900 shares of the business’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $102.21, for a total transaction of $91,989.00. Following the sale, the vice president now directly owns 1,057 shares in the company, valued at approximately $108,035.97. The disclosure for this sale can be found here. Insiders have sold 4,160 shares of company stock valued at $440,313 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

About GATX

(Get Rating)

GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services.

See Also

Want to see what other hedge funds are holding GATX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GATX Co. (NYSE:GATXGet Rating).

Institutional Ownership by Quarter for GATX (NYSE:GATX)

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