Chicago Equity Partners LLC decreased its position in GATX Co. (NYSE:GATX) by 74.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,985 shares of the transportation company’s stock after selling 68,940 shares during the quarter. Chicago Equity Partners LLC’s holdings in GATX were worth $1,491,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. WINTON GROUP Ltd acquired a new stake in GATX in the 3rd quarter worth approximately $5,199,000. State Street Corp lifted its holdings in GATX by 4.5% in the 2nd quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock worth $89,470,000 after purchasing an additional 59,729 shares during the last quarter. Prudential Financial Inc. lifted its holdings in GATX by 32.5% in the 3rd quarter. Prudential Financial Inc. now owns 211,476 shares of the transportation company’s stock worth $13,018,000 after purchasing an additional 51,840 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in GATX by 7,147.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,386 shares of the transportation company’s stock worth $2,921,000 after purchasing an additional 45,746 shares during the last quarter. Finally, KBC Group NV lifted its holdings in GATX by 32.8% in the 3rd quarter. KBC Group NV now owns 129,703 shares of the transportation company’s stock worth $7,985,000 after purchasing an additional 32,043 shares during the last quarter.
GATX Co. (NYSE GATX) opened at $66.49 on Thursday. GATX Co. has a 1-year low of $55.82 and a 1-year high of $72.96. The company has a market capitalization of $2,560.35, a P/E ratio of 5.17, a PEG ratio of 0.98 and a beta of 1.25. The company has a current ratio of 3.32, a quick ratio of 3.13 and a debt-to-equity ratio of 2.45.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 31st. Stockholders of record on Monday, March 5th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, March 2nd. This is a positive change from GATX’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.65%. GATX’s payout ratio is 13.05%.
Several equities research analysts recently weighed in on the company. Citigroup boosted their target price on GATX from $71.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 price target (up from $56.00) on shares of GATX in a report on Monday, January 22nd. Cowen reiterated a “market perform” rating and set a $69.00 price target (up from $61.00) on shares of GATX in a report on Friday, January 19th. BidaskClub upgraded GATX from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, Seaport Global Securities initiated coverage on GATX in a report on Thursday, January 4th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $67.40.
In related news, EVP James F. Earl sold 5,177 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $69.61, for a total value of $360,370.97. Following the completion of the transaction, the executive vice president now directly owns 104,359 shares in the company, valued at $7,264,429.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Brian A. Kenney sold 20,112 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $71.24, for a total value of $1,432,778.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,855 shares of company stock valued at $3,118,786. Corporate insiders own 3.50% of the company’s stock.
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GATX 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.
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