GATX Corporation (GATX) Shares Sold by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY lowered its stake in GATX Corporation (NYSE:GATX) by 9.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,275 shares of the transportation company’s stock after selling 3,900 shares during the quarter. Paradigm Capital Management Inc. NY owned about 0.10% of GATX Corporation worth $2,460,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. IFP Advisors Inc lifted its stake in GATX Corporation by 0.4% in the 1st quarter. IFP Advisors Inc now owns 2,195 shares of the transportation company’s stock worth $134,000 after purchasing an additional 9 shares in the last quarter. State Treasurer State of Michigan lifted its stake in GATX Corporation by 0.6% in the 2nd quarter. State Treasurer State of Michigan now owns 16,090 shares of the transportation company’s stock worth $1,034,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System lifted its stake in GATX Corporation by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 16,500 shares of the transportation company’s stock worth $1,060,000 after purchasing an additional 100 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in GATX Corporation by 1.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 12,660 shares of the transportation company’s stock worth $814,000 after purchasing an additional 120 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in GATX Corporation by 0.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,233 shares of the transportation company’s stock worth $990,000 after purchasing an additional 130 shares in the last quarter.

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GATX has been the topic of several research analyst reports. Buckingham Research initiated coverage on shares of GATX Corporation in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $64.00 price target on the stock. Zacks Investment Research cut shares of GATX Corporation from a “buy” rating to a “hold” rating in a research note on Monday. Cowen and Company reiterated a “hold” rating and issued a $63.00 price target on shares of GATX Corporation in a research note on Monday, August 28th. Stifel Nicolaus upgraded shares of GATX Corporation from a “sell” rating to a “hold” rating and boosted their price target for the stock from $50.00 to $54.00 in a research note on Monday, July 17th. Finally, ValuEngine upgraded shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 3rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.00.

Shares of GATX Corporation (GATX) traded up 0.65% during mid-day trading on Tuesday, hitting $58.86. 10,417 shares of the stock traded hands. The firm has a 50 day moving average of $61.48 and a 200 day moving average of $60.99. GATX Corporation has a 12 month low of $40.66 and a 12 month high of $66.30. The company has a market cap of $2.28 billion, a P/E ratio of 9.92 and a beta of 1.20.

GATX Corporation (NYSE:GATX) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.21. The firm had revenue of $348.40 million for the quarter, compared to analyst estimates of $352.64 million. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. GATX Corporation’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.49 earnings per share. Equities analysts anticipate that GATX Corporation will post $4.60 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.87%. GATX Corporation’s payout ratio is presently 28.38%.

In related news, EVP Deborah A. Golden sold 1,368 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $64.46, for a total transaction of $88,181.28. Following the transaction, the executive vice president now directly owns 37,083 shares in the company, valued at $2,390,370.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

GATX Corporation Company Profile

GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.

Institutional Ownership by Quarter for GATX Corporation (NYSE:GATX)

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