Envestnet Asset Management Inc. increased its position in GATX Co. (NYSE:GATX – Get Rating) by 3.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 97,974 shares of the transportation company’s stock after acquiring an additional 3,240 shares during the quarter. Envestnet Asset Management Inc.’s holdings in GATX were worth $8,342,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board boosted its holdings in shares of GATX by 88.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 19,025 shares of the transportation company’s stock worth $1,620,000 after buying an additional 8,916 shares in the last quarter. Credit Suisse AG increased its position in shares of GATX by 5.7% during the 3rd quarter. Credit Suisse AG now owns 39,599 shares of the transportation company’s stock valued at $3,372,000 after purchasing an additional 2,127 shares during the last quarter. Quent Capital LLC increased its holdings in GATX by 9.0% in the 3rd quarter. Quent Capital LLC now owns 1,307 shares of the transportation company’s stock worth $111,000 after acquiring an additional 108 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in GATX by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,456,877 shares of the transportation company’s stock valued at $209,210,000 after buying an additional 25,372 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of GATX by 0.8% during the 3rd quarter. Bank of Montreal Can now owns 17,705 shares of the transportation company’s stock valued at $1,599,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds own 99.10% of the company’s stock.
Insider Activity at GATX
In other news, SVP Jeffery R. Young sold 216 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $117.10, for a total value of $25,293.60. Following the sale, the senior vice president now directly owns 6,871 shares in the company, valued at $804,594.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Jeffery R. Young sold 216 shares of the firm’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $117.10, for a total value of $25,293.60. Following the completion of the sale, the senior vice president now owns 6,871 shares in the company, valued at $804,594.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Thomas A. Ellman sold 18,900 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $115.98, for a total transaction of $2,192,022.00. Following the transaction, the chief financial officer now directly owns 35,361 shares of the company’s stock, valued at $4,101,168.78. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.
GATX Trading Down 0.2 %
GATX (NYSE:GATX – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The transportation company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.16. The company had revenue of $322.70 million during the quarter, compared to analysts’ expectations of $327.63 million. GATX had a return on equity of 10.87% and a net margin of 12.25%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 EPS. As a group, equities research analysts predict that GATX Co. will post 6.71 earnings per share for the current fiscal year.
GATX Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 3rd will be given a $0.55 dividend. The ex-dividend date is Thursday, March 2nd. This is a positive change from GATX’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.02%. GATX’s dividend payout ratio is 47.93%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on GATX. Susquehanna lifted their price target on GATX from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 25th. Wells Fargo & Company upped their price target on GATX from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, January 25th. Finally, Susquehanna Bancshares downgraded GATX to a “neutral” rating in a report on Monday, November 7th.
GATX Company Profile
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.
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