GWM Advisors LLC trimmed its position in shares of GATX Co. (NYSE:GATX) by 13.3% in the 3rd quarter, Holdings Channel reports. The fund owned 18,669 shares of the transportation company’s stock after selling 2,854 shares during the quarter. GWM Advisors LLC’s holdings in GATX were worth $1,617,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in shares of GATX by 20.6% during the second quarter. Janus Henderson Group PLC now owns 849,712 shares of the transportation company’s stock valued at $63,074,000 after buying an additional 145,019 shares during the period. BlackRock Inc. increased its position in shares of GATX by 1.4% during the second quarter. BlackRock Inc. now owns 4,280,856 shares of the transportation company’s stock valued at $317,768,000 after buying an additional 58,854 shares during the period. Cornerstone Wealth Management LLC purchased a new position in shares of GATX during the second quarter valued at about $767,000. Northern Trust Corp increased its position in shares of GATX by 3.5% during the second quarter. Northern Trust Corp now owns 1,089,826 shares of the transportation company’s stock valued at $80,898,000 after buying an additional 36,450 shares during the period. Finally, WINTON GROUP Ltd increased its position in shares of GATX by 49.7% during the second quarter. WINTON GROUP Ltd now owns 101,776 shares of the transportation company’s stock valued at $7,555,000 after buying an additional 33,767 shares during the period.
In other news, EVP Deborah A. Golden sold 2,869 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $81.73, for a total transaction of $234,483.37. Following the sale, the executive vice president now owns 43,610 shares in the company, valued at $3,564,245.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP William M. Muckian sold 3,930 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $84.94, for a total transaction of $333,814.20. Following the sale, the vice president now owns 14,560 shares in the company, valued at approximately $1,236,726.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,668 shares of company stock worth $3,708,000. Corporate insiders own 3.63% of the company’s stock.
GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.15. GATX had a net margin of 37.15% and a return on equity of 10.65%. The firm had revenue of $349.70 million for the quarter, compared to analysts’ expectations of $357.00 million. During the same quarter in the prior year, the company posted $1.25 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities analysts predict that GATX Co. will post 5.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, December 13th. GATX’s payout ratio is 37.45%.
Several brokerages recently issued reports on GATX. Mizuho reiterated a “buy” rating and set a $95.00 price target on shares of GATX in a research report on Friday, July 20th. Zacks Investment Research cut shares of GATX from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Stifel Nicolaus set a $78.00 price objective on shares of GATX and gave the stock a “hold” rating in a report on Thursday, July 19th. Finally, Buckingham Research upped their price objective on shares of GATX from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. GATX currently has a consensus rating of “Hold” and an average price target of $79.50.
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.
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