D. E. Shaw & Co. Inc. increased its holdings in shares of GATX Co. (NYSE:GATX) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,182 shares of the transportation company’s stock after acquiring an additional 16,700 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.18% of GATX worth $4,828,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Clearbridge Investments LLC raised its stake in shares of GATX by 30.8% in the third quarter. Clearbridge Investments LLC now owns 644,334 shares of the transportation company’s stock valued at $55,793,000 after buying an additional 151,880 shares during the period. Strs Ohio raised its stake in shares of GATX by 6.5% in the fourth quarter. Strs Ohio now owns 3,300 shares of the transportation company’s stock valued at $233,000 after buying an additional 200 shares during the period. Pacer Advisors Inc. grew its position in shares of GATX by 12.4% in the third quarter. Pacer Advisors Inc. now owns 13,239 shares of the transportation company’s stock valued at $1,146,000 after purchasing an additional 1,464 shares in the last quarter. SG Americas Securities LLC grew its position in shares of GATX by 64.4% in the third quarter. SG Americas Securities LLC now owns 24,072 shares of the transportation company’s stock valued at $2,084,000 after purchasing an additional 9,428 shares in the last quarter. Finally, Advisor Group Inc. grew its position in shares of GATX by 3.3% in the fourth quarter. Advisor Group Inc. now owns 4,773 shares of the transportation company’s stock valued at $338,000 after purchasing an additional 154 shares in the last quarter.
In related news, SVP Jeffery R. Young sold 2,223 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $77.48, for a total transaction of $172,238.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffery R. Young sold 1,273 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $75.89, for a total value of $96,607.97. Following the completion of the transaction, the senior vice president now owns 5,627 shares of the company’s stock, valued at $427,033.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,022 shares of company stock valued at $385,753. 3.72% of the stock is owned by company insiders.
GATX (NYSE:GATX) last posted its earnings results on Tuesday, January 22nd. The transportation company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.10. GATX had a return on equity of 10.97% and a net margin of 15.53%. The business had revenue of $356.40 million during the quarter, compared to analysts’ expectations of $348.64 million. During the same period in the previous year, the business earned $8.83 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts predict that GATX Co. will post 4.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, March 31st. Investors of record on Monday, March 4th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.35%. This is a boost from GATX’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, March 1st. GATX’s payout ratio is presently 35.25%.
Several equities analysts have recently weighed in on GATX shares. Mizuho set a $87.00 price target on GATX and gave the company a “buy” rating in a research report on Wednesday, March 27th. Zacks Investment Research upgraded GATX from a “sell” rating to a “hold” rating in a research report on Monday, February 11th. Finally, Wells Fargo & Co set a $90.00 price target on GATX and gave the company an “outperform” rating in a research report on Wednesday, January 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. GATX currently has a consensus rating of “Buy” and a consensus target price of $82.00.
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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.
Further Reading: Outstanding Shares
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