Janus Henderson Group PLC raised its position in GATX Co. (NYSE:GATX) by 20.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 849,712 shares of the transportation company’s stock after acquiring an additional 145,019 shares during the quarter. Janus Henderson Group PLC’s holdings in GATX were worth $63,074,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in GATX by 1.4% in the 2nd quarter. BlackRock Inc. now owns 4,280,856 shares of the transportation company’s stock worth $317,768,000 after acquiring an additional 58,854 shares during the period. Mutual of America Capital Management LLC boosted its holdings in GATX by 3.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 32,230 shares of the transportation company’s stock worth $2,392,000 after acquiring an additional 1,008 shares during the period. Russell Investments Group Ltd. boosted its holdings in GATX by 7.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 19,658 shares of the transportation company’s stock worth $1,453,000 after acquiring an additional 1,300 shares during the period. Trexquant Investment LP purchased a new position in GATX in the 2nd quarter worth approximately $279,000. Finally, SG Americas Securities LLC boosted its holdings in GATX by 7.2% in the 2nd quarter. SG Americas Securities LLC now owns 14,644 shares of the transportation company’s stock worth $1,087,000 after acquiring an additional 988 shares during the period.
A number of equities analysts have weighed in on GATX shares. Mizuho started coverage on GATX in a report on Wednesday, July 4th. They issued a “buy” rating and a $88.00 price target for the company. ValuEngine cut GATX from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. Buckingham Research upped their price target on GATX from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Zacks Investment Research cut GATX from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Finally, Stifel Nicolaus set a $78.00 price target on GATX and gave the stock a “hold” rating in a report on Thursday, July 19th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $81.17.
GATX stock opened at $83.28 on Friday. The company has a market cap of $3.15 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.77 and a quick ratio of 2.77. GATX Co. has a 52 week low of $56.00 and a 52 week high of $91.12.
GATX (NYSE:GATX) last released its earnings results on Thursday, July 19th. The transportation company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.24. The company had revenue of $349.50 million during the quarter, compared to analysts’ expectations of $340.50 million. GATX had a return on equity of 11.34% and a net margin of 37.03%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $1.32 EPS. analysts forecast that GATX Co. will post 5.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 30th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, September 13th. GATX’s dividend payout ratio (DPR) is currently 37.45%.
In other news, EVP Robert C. Lyons sold 4,960 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $86.59, for a total transaction of $429,486.40. Following the completion of the transaction, the executive vice president now directly owns 66,963 shares in the company, valued at approximately $5,798,326.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP William M. Muckian sold 3,930 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $84.94, for a total value of $333,814.20. Following the transaction, the vice president now owns 14,560 shares of the company’s stock, valued at $1,236,726.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,799 shares of company stock valued at $3,473,517. Company insiders own 3.63% of the company’s stock.
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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