GATX Co. (NYSE:GATX) Shares Purchased by State Street Corp

State Street Corp lifted its holdings in GATX Co. (NYSE:GATX) by 0.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,294,895 shares of the transportation company’s stock after purchasing an additional 7,585 shares during the period. State Street Corp owned approximately 3.65% of GATX worth $171,509,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Systematic Financial Management LP acquired a new position in shares of GATX in the third quarter valued at approximately $213,000. Point72 DIFC Ltd purchased a new position in GATX in the third quarter worth approximately $81,000. Millburn Ridgefield Corp purchased a new position in GATX in the third quarter worth approximately $90,000. NFJ Investment Group LLC purchased a new position in GATX in the third quarter worth approximately $2,479,000. Finally, HighTower Advisors LLC lifted its stake in GATX by 0.6% in the third quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company’s stock worth $1,418,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Activity at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of GATX stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the transaction, the insider now directly owns 3,312,294 shares in the company, valued at $442,688,093.10. This trade represents a 0.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Susquehanna lifted their price target on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Sidoti downgraded shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group assumed coverage on shares of GATX in a research note on Monday, November 18th. They issued a “buy” rating and a $185.00 price target for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $151.80.

GATX Stock Down 0.2 %

Shares of NYSE:GATX opened at $161.37 on Friday. The company has a market capitalization of $5.73 billion, a PE ratio of 21.57 and a beta of 0.99. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. GATX Co. has a twelve month low of $114.78 and a twelve month high of $167.74. The firm has a 50 day simple moving average of $149.03 and a 200-day simple moving average of $140.48.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.54. The business had revenue of $405.40 million during the quarter, compared to the consensus estimate of $391.65 million. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 EPS. On average, equities analysts predict that GATX Co. will post 7.6 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 annualized dividend and a yield of 1.44%. GATX’s dividend payout ratio (DPR) is 31.02%.

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.