Creative Planning Takes Position in GATX Co. (GATX)

Creative Planning bought a new stake in shares of GATX Co. (NYSE:GATX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,698 shares of the transportation company’s stock, valued at approximately $320,000.

Several other large investors have also recently bought and sold shares of GATX. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of GATX during the 2nd quarter valued at approximately $148,000. Balasa Dinverno & Foltz LLC acquired a new stake in GATX in the 3rd quarter valued at $231,000. Strs Ohio grew its stake in GATX by 63.2% in the 3rd quarter. Strs Ohio now owns 3,100 shares of the transportation company’s stock valued at $268,000 after acquiring an additional 1,200 shares during the period. Trexquant Investment LP acquired a new stake in GATX in the 2nd quarter valued at $279,000. Finally, Geneva Partners LLC acquired a new stake in GATX in the 3rd quarter valued at $282,000.

In other GATX news, EVP Deborah A. Golden sold 2,097 shares of GATX stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $81.89, for a total transaction of $171,723.33. Following the sale, the executive vice president now owns 44,410 shares of the company’s stock, valued at approximately $3,636,734.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael T. Brooks sold 5,695 shares of GATX stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $81.78, for a total transaction of $465,737.10. Following the sale, the senior vice president now directly owns 9,358 shares in the company, valued at approximately $765,297.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,738 shares of company stock worth $3,374,186. 3.63% of the stock is currently owned by corporate insiders.

Shares of GATX opened at $79.87 on Friday. GATX Co. has a 52-week low of $56.00 and a 52-week high of $91.12. The company has a debt-to-equity ratio of 2.40, a quick ratio of 3.05 and a current ratio of 3.05. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.02 and a beta of 1.43.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, October 23rd. The transportation company reported $1.22 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $349.70 million for the quarter, compared to analysts’ expectations of $357.00 million. During the same quarter in the previous year, the company posted $1.25 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, analysts forecast that GATX Co. will post 5.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.76 annualized dividend and a yield of 2.20%. GATX’s dividend payout ratio (DPR) is presently 37.45%.

A number of equities research analysts recently issued reports on GATX shares. Buckingham Research lifted their price target on shares of GATX from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Zacks Investment Research raised shares of GATX from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Tuesday, September 18th. Mizuho reissued a “buy” rating on shares of GATX in a research note on Friday, August 31st. Finally, Stifel Nicolaus set a $78.00 price target on shares of GATX and gave the company a “hold” rating in a research note on Thursday, July 19th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $79.50.

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GATX Profile

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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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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