LSV Asset Management lifted its stake in GATX (NYSE:GATX) by 1.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 599,581 shares of the transportation company’s stock after purchasing an additional 7,472 shares during the quarter. LSV Asset Management’s holdings in GATX were worth $41,065,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. We Are One Seven LLC acquired a new stake in GATX during the 4th quarter worth about $102,000. Shine Investment Advisory Services Inc. acquired a new stake in GATX during the 4th quarter worth about $109,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in GATX by 56.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the transportation company’s stock worth $123,000 after acquiring an additional 719 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in GATX by 42.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,824 shares of the transportation company’s stock worth $193,000 after acquiring an additional 841 shares during the period. Finally, Commerce Bank acquired a new stake in GATX during the 1st quarter worth about $200,000.
Shares of GATX opened at $71.84 on Monday, MarketBeat.com reports. The stock has a market cap of $2.66 billion, a PE ratio of 13.74, a PEG ratio of 1.02 and a beta of 1.22. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.08 and a quick ratio of 3.08. GATX has a 52-week low of $56.00 and a 52-week high of $73.25.
The company also recently declared a quarterly dividend, which will be paid on Saturday, June 30th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, June 14th. This represents a $1.76 annualized dividend and a dividend yield of 2.45%. GATX’s dividend payout ratio is 37.45%.
In related news, EVP Deborah A. Golden sold 1,357 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $70.91, for a total value of $96,224.87. Following the transaction, the executive vice president now directly owns 43,318 shares of the company’s stock, valued at approximately $3,071,679.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eric D. Harkness sold 2,550 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $70.48, for a total value of $179,724.00. Following the completion of the transaction, the vice president now directly owns 5,121 shares in the company, valued at $360,928.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,723 shares of company stock valued at $334,006. 3.63% of the stock is owned by corporate insiders.
GATX has been the subject of a number of research reports. Stifel Nicolaus restated a “hold” rating and set a $60.00 price objective (up from $56.00) on shares of GATX in a research report on Monday, January 22nd. ValuEngine upgraded GATX from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Citigroup lifted their price target on GATX from $71.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded GATX from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Wednesday, March 21st. Finally, Cowen reiterated a “market perform” rating and set a $69.00 price target (up from $61.00) on shares of GATX in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. GATX presently has an average rating of “Hold” and an average price target of $70.20.
GATX Company 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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