Dupont Capital Management Corp increased its holdings in GATX Co. (NYSE:GATX) by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,691 shares of the transportation company’s stock after buying an additional 343 shares during the period. Dupont Capital Management Corp’s holdings in GATX were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smith Graham & Co. Investment Advisors LP raised its position in shares of GATX by 0.6% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 98,765 shares of the transportation company’s stock valued at $7,657,000 after buying an additional 570 shares in the last quarter. Bank of America Corp DE raised its position in GATX by 3.2% during the second quarter. Bank of America Corp DE now owns 622,837 shares of the transportation company’s stock valued at $49,385,000 after purchasing an additional 19,367 shares in the last quarter. First Bank & Trust raised its position in GATX by 455.2% during the third quarter. First Bank & Trust now owns 644 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 528 shares in the last quarter. LPL Financial LLC raised its position in GATX by 3.8% during the second quarter. LPL Financial LLC now owns 15,530 shares of the transportation company’s stock valued at $1,231,000 after purchasing an additional 562 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in GATX by 0.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 240,495 shares of the transportation company’s stock valued at $19,069,000 after purchasing an additional 1,497 shares in the last quarter.
GATX has been the subject of several research analyst reports. Cowen restated a “hold” rating and set a $85.00 price objective on shares of GATX in a research report on Tuesday, October 22nd. ValuEngine upgraded shares of GATX from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $85.75.
GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.17 by $0.08. GATX had a net margin of 14.63% and a return on equity of 10.18%. The business had revenue of $360.70 million during the quarter, compared to the consensus estimate of $355.55 million. During the same period in the previous year, the business earned $1.22 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. On average, analysts expect that GATX Co. will post 5.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.84 annualized dividend and a yield of 2.18%. GATX’s dividend payout ratio is currently 35.25%.
In other GATX news, VP Robert Zmudka sold 2,134 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $75.94, for a total transaction of $162,055.96. Following the completion of the transaction, the vice president now directly owns 9,564 shares in the company, valued at $726,290.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.72% of the stock is owned by insiders.
GATX Company Profile
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.
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