Dimensional Fund Advisors LP Cuts Stock Holdings in GATX Co. (NYSE:GATX)

Dimensional Fund Advisors LP lessened its position in shares of GATX Co. (NYSE:GATX) by 5.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,316,252 shares of the transportation company’s stock after selling 127,711 shares during the period. Dimensional Fund Advisors LP owned about 6.54% of GATX worth $298,194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in GATX during the first quarter worth approximately $28,000. CWM LLC lifted its stake in GATX by 95.3% during the second quarter. CWM LLC now owns 336 shares of the transportation company’s stock worth $43,000 after purchasing an additional 164 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in GATX during the first quarter worth approximately $89,000. Advisory Services Network LLC lifted its stake in GATX by 125.7% during the first quarter. Advisory Services Network LLC now owns 844 shares of the transportation company’s stock worth $93,000 after purchasing an additional 470 shares during the last quarter. Finally, Ellevest Inc. lifted its stake in GATX by 79.2% during the first quarter. Ellevest Inc. now owns 907 shares of the transportation company’s stock worth $100,000 after purchasing an additional 401 shares during the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

GATX Stock Performance

NYSE:GATX opened at $111.00 on Thursday. The firm’s fifty day simple moving average is $108.58 and its 200-day simple moving average is $117.21. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 3.15. The stock has a market cap of $3.94 billion, a PE ratio of 16.57 and a beta of 1.02. GATX Co. has a fifty-two week low of $97.21 and a fifty-two week high of $133.01.

GATX (NYSE:GATX) last issued its earnings results on Tuesday, October 24th. The transportation company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.09). GATX had a return on equity of 11.75% and a net margin of 17.70%. The company had revenue of $360.10 million for the quarter, compared to analyst estimates of $374.38 million. Analysts expect that GATX Co. will post 6.93 earnings per share for the current fiscal year.

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 31st. Shareholders of record on Friday, December 15th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.98%. GATX’s dividend payout ratio (DPR) is presently 32.84%.

Insider Buying and Selling at GATX

In other GATX news, SVP John Sbragia sold 625 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $102.20, for a total value of $63,875.00. Following the completion of the transaction, the senior vice president now directly owns 7,419 shares of the company’s stock, valued at $758,221.80. The sale was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GATX shares. TD Cowen reiterated a “market perform” rating and set a $137.00 target price (up previously from $135.00) on shares of GATX in a research report on Wednesday, July 26th. Susquehanna cut their target price on GATX from $122.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, October 16th. Stephens lifted their target price on GATX from $135.00 to $142.00 in a research report on Wednesday, July 26th. StockNews.com initiated coverage on shares of GATX in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Wells Fargo & Company raised their price objective on shares of GATX from $125.00 to $145.00 in a research report on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, GATX presently has a consensus rating of “Hold” and an average price target of $134.75.

GATX Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.