Sciencast Management LP Makes New $501,000 Investment in GATX Co. (NYSE:GATX)

Sciencast Management LP bought a new position in shares of GATX Co. (NYSE:GATX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,272 shares of the transportation company’s stock, valued at approximately $501,000.

Several other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of GATX by 7.7% during the 1st quarter. Geode Capital Management LLC now owns 497,198 shares of the transportation company’s stock valued at $31,104,000 after buying an additional 35,496 shares during the last quarter. M&T Bank Corp boosted its stake in GATX by 7.5% in the first quarter. M&T Bank Corp now owns 4,699 shares of the transportation company’s stock valued at $294,000 after acquiring an additional 326 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of GATX by 33.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,258 shares of the transportation company’s stock valued at $517,000 after purchasing an additional 2,067 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of GATX during the 1st quarter worth approximately $223,000. Finally, State Street Corp lifted its holdings in shares of GATX by 0.9% in the 1st quarter. State Street Corp now owns 1,163,896 shares of the transportation company’s stock worth $72,813,000 after purchasing an additional 10,199 shares during the last quarter.

Several equities analysts have recently issued reports on GATX shares. ValuEngine downgraded shares of GATX from a “hold” rating to a “sell” rating in a report on Wednesday, June 17th. Cowen raised their price target on shares of GATX from $62.00 to $65.00 and gave the company a “market perform” rating in a research note on Wednesday, May 6th. Zacks Investment Research cut GATX from a “buy” rating to a “sell” rating and set a $60.00 price target on the stock. in a report on Monday, April 20th. Finally, Stephens upgraded shares of GATX from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $62.00 to $78.00 in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $69.50.

In other news, EVP Deborah A. Golden sold 5,507 shares of GATX stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $70.32, for a total value of $387,252.24. Following the transaction, the executive vice president now directly owns 38,902 shares of the company’s stock, valued at $2,735,588.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Deborah A. Golden sold 5,624 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $69.19, for a total transaction of $389,124.56. Following the sale, the executive vice president now owns 38,902 shares in the company, valued at approximately $2,691,629.38. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Shares of GATX stock opened at $60.99 on Friday. GATX Co. has a 52 week low of $50.69 and a 52 week high of $86.01. The company has a current ratio of 4.28, a quick ratio of 5.87 and a debt-to-equity ratio of 2.89. The stock has a market cap of $2.13 billion, a PE ratio of 11.60 and a beta of 1.06. The company’s 50-day moving average price is $60.97 and its two-hundred day moving average price is $65.06.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, July 21st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.11. GATX had a net margin of 14.12% and a return on equity of 9.66%. The company had revenue of $300.50 million for the quarter, compared to analysts’ expectations of $331.40 million. During the same quarter in the previous year, the company posted $1.78 EPS. The business’s revenue was down 16.4% compared to the same quarter last year. On average, equities analysts predict that GATX Co. will post 3.65 EPS for the current fiscal year.

GATX 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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