Creative Planning Has $236,000 Stake in GATX Co. (GATX)

Creative Planning decreased its holdings in shares of GATX Co. (NYSE:GATX) by 17.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,089 shares of the transportation company’s stock after selling 644 shares during the quarter. Creative Planning’s holdings in GATX were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GATX. First Hawaiian Bank grew its stake in GATX by 1.1% in the fourth quarter. First Hawaiian Bank now owns 13,913 shares of the transportation company’s stock worth $985,000 after purchasing an additional 149 shares in the last quarter. Advisor Group Inc. grew its stake in GATX by 3.3% in the fourth quarter. Advisor Group Inc. now owns 4,773 shares of the transportation company’s stock worth $338,000 after purchasing an additional 154 shares in the last quarter. Synovus Financial Corp grew its stake in GATX by 1.8% in the fourth quarter. Synovus Financial Corp now owns 10,943 shares of the transportation company’s stock worth $773,000 after purchasing an additional 192 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in GATX by 0.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 22,839 shares of the transportation company’s stock worth $1,500,000 after purchasing an additional 197 shares in the last quarter. Finally, Strs Ohio grew its stake in GATX by 6.5% in the fourth quarter. Strs Ohio now owns 3,300 shares of the transportation company’s stock worth $233,000 after purchasing an additional 200 shares in the last quarter.

Shares of NYSE:GATX opened at $75.46 on Tuesday. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $2.74 billion, a P/E ratio of 14.46, a PEG ratio of 1.00 and a beta of 1.49. GATX Co. has a 52-week low of $67.46 and a 52-week high of $91.12.

GATX (NYSE:GATX) last posted its earnings results on Wednesday, April 24th. The transportation company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.07). The company had revenue of $317.00 million for the quarter, compared to analysts’ expectations of $307.14 million. GATX had a return on equity of 9.10% and a net margin of 12.86%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 EPS. As a group, equities research analysts predict that GATX Co. will post 5.03 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.84 dividend on an annualized basis and a yield of 2.44%. GATX’s dividend payout ratio is currently 35.25%.

Several brokerages recently issued reports on GATX. Zacks Investment Research cut GATX from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Mizuho set a $87.00 price objective on GATX and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Finally, Wells Fargo & Co set a $90.00 price objective on GATX and gave the stock an “outperform” rating in a research note on Wednesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $82.00.

In other GATX news, SVP Jeffery R. Young sold 1,273 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $75.89, for a total transaction of $96,607.97. Following the completion of the sale, the senior vice president now owns 5,627 shares in the company, valued at $427,033.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jeffery R. Young sold 2,223 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $77.48, for a total value of $172,238.04. The disclosure for this sale can be found here. 3.72% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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