GATX Co. (NYSE:GATX) Stock Holdings Lessened by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in GATX Co. (NYSE:GATXGet Rating) by 37.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,612 shares of the transportation company’s stock after selling 4,543 shares during the period. SG Americas Securities LLC’s holdings in GATX were worth $648,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GATX. Ellevest Inc. increased its holdings in shares of GATX by 311.3% in the 2nd quarter. Ellevest Inc. now owns 399 shares of the transportation company’s stock worth $38,000 after acquiring an additional 302 shares during the period. Cutler Group LLC CA acquired a new position in shares of GATX in the 3rd quarter worth approximately $50,000. Meeder Asset Management Inc. boosted its holdings in shares of GATX by 188.1% in the second quarter. Meeder Asset Management Inc. now owns 899 shares of the transportation company’s stock worth $85,000 after buying an additional 587 shares during the period. Wipfli Financial Advisors LLC acquired a new position in shares of GATX in the third quarter worth about $102,000. Finally, Whittier Trust Co. boosted its holdings in shares of GATX by 448.4% in the third quarter. Whittier Trust Co. now owns 1,223 shares of the transportation company’s stock worth $104,000 after buying an additional 1,000 shares during the period. 99.10% of the stock is currently owned by institutional investors.

GATX Stock Up 0.4 %

Shares of NYSE:GATX opened at $108.06 on Friday. GATX Co. has a 52 week low of $84.96 and a 52 week high of $127.58. The company has a debt-to-equity ratio of 3.28, a quick ratio of 4.14 and a current ratio of 4.14. The company’s fifty day moving average is $109.90 and its 200-day moving average is $101.41. The company has a market capitalization of $3.80 billion, a PE ratio of 23.14 and a beta of 1.07.

GATX (NYSE:GATXGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The transportation company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). The company had revenue of $321.00 million during 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%. Equities research analysts predict that GATX Co. will post 5.94 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Wednesday, December 14th. This represents a $2.08 dividend on an annualized basis and a yield of 1.92%. GATX’s payout ratio is 44.54%.

Insider Buying and Selling

In related news, SVP Aken Jennifer Van sold 760 shares of the stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $111.38, for a total transaction of $84,648.80. Following the completion of the sale, the senior vice president now directly owns 4,830 shares of the company’s stock, valued at approximately $537,965.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Deborah A. Golden sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $105.47, for a total value of $263,675.00. Following the completion of the sale, the executive vice president now owns 8,448 shares of the company’s stock, valued at approximately $891,010.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Aken Jennifer Van sold 760 shares of the stock in a transaction on Monday, November 28th. The shares were sold at an average price of $111.38, for a total value of $84,648.80. Following the completion of the sale, the senior vice president now owns 4,830 shares in the company, valued at approximately $537,965.40. The disclosure for this sale can be found here. In the last three months, insiders sold 4,160 shares of company stock valued at $440,313. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on GATX shares. Susquehanna cut shares of GATX from a “positive” rating to a “neutral” rating in a report on Monday, November 7th. StockNews.com assumed coverage on shares of GATX in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Susquehanna Bancshares lowered shares of GATX to a “neutral” rating in a research report on Monday, November 7th.

GATX Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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