Dimensional Fund Advisors LP reduced its holdings in GATX Co. (NYSE:GATX - Free Report) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,964,442 shares of the transportation company's stock after selling 118,029 shares during the period. Dimensional Fund Advisors LP owned about 5.53% of GATX worth $304,412,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in GATX. JPMorgan Chase & Co. increased its holdings in shares of GATX by 19.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company's stock valued at $12,299,000 after purchasing an additional 15,092 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of GATX by 44.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company's stock worth $6,085,000 after acquiring an additional 12,342 shares in the last quarter. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of GATX during the 4th quarter valued at about $252,000. Charles Schwab Investment Management Inc. increased its stake in shares of GATX by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company's stock valued at $74,104,000 after purchasing an additional 3,485 shares in the last quarter. Finally, Legato Capital Management LLC acquired a new position in GATX in the 4th quarter worth about $595,000. Institutional investors and hedge funds own 93.14% of the company's stock.
Analysts Set New Price Targets
GATX has been the topic of several research analyst reports. Susquehanna dropped their price objective on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Thursday. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a report on Wednesday.
Check Out Our Latest Stock Analysis on GATX
GATX Price Performance
Shares of NYSE GATX traded up $0.73 during midday trading on Friday, hitting $144.88. The stock had a trading volume of 165,799 shares, compared to its average volume of 164,051. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The stock has a 50 day simple moving average of $153.53 and a 200-day simple moving average of $154.06. The company has a market capitalization of $5.17 billion, a PE ratio of 18.65 and a beta of 1.00. GATX Co. has a 1 year low of $122.00 and a 1 year high of $168.89.
GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.06. GATX had a return on equity of 12.07% and a net margin of 17.92%. The company had revenue of $421.60 million for the quarter, compared to analyst estimates of $417.06 million. During the same quarter last year, the firm posted $2.01 EPS. On average, sell-side analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.
GATX Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.68%. GATX's dividend payout ratio is presently 30.93%.
Insider Buying and Selling
In other GATX news, SVP Jeffery R. Young sold 297 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total value of $48,895.11. Following the transaction, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. The trade was a 3.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the sale, the vice president now owns 7,493 shares of the company's stock, valued at $1,227,578.19. This represents a 39.05 % decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by company insiders.
GATX Company Profile
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Free Report)
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.
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