1,534 Shares in GATX Co. (NYSE:GATX) Bought by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group purchased a new stake in shares of GATX Co. (NYSE:GATX) in the third quarter, Holdings Channel reports. The firm purchased 1,534 shares of the transportation company’s stock, valued at approximately $204,000.

Several other institutional investors have also recently bought and sold shares of GATX. Geode Capital Management LLC raised its stake in shares of GATX by 1.5% in the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock worth $112,550,000 after purchasing an additional 12,571 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in GATX by 144.5% during the third quarter. Public Employees Retirement System of Ohio now owns 1,570 shares of the transportation company’s stock worth $208,000 after buying an additional 928 shares in the last quarter. MML Investors Services LLC raised its position in GATX by 4.2% in the 3rd quarter. MML Investors Services LLC now owns 10,983 shares of the transportation company’s stock valued at $1,455,000 after buying an additional 441 shares during the last quarter. iSAM Funds UK Ltd bought a new position in GATX during the 3rd quarter valued at $220,000. Finally, State Street Corp boosted its holdings in GATX by 0.6% during the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock worth $171,509,000 after acquiring an additional 7,585 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Performance

NYSE GATX opened at $161.37 on Friday. The company has a market capitalization of $5.73 billion, a PE ratio of 21.57 and a beta of 0.99. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41. GATX Co. has a 52-week low of $114.78 and a 52-week high of $167.74. The company has a 50-day simple moving average of $149.03 and a 200 day simple moving average of $140.48.

GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.54. GATX had a return on equity of 11.98% and a net margin of 17.76%. The company had revenue of $405.40 million during the quarter, compared to the consensus estimate of $391.65 million. During the same quarter in the prior year, the company earned $1.44 EPS. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, research analysts predict that GATX Co. will post 7.6 EPS for the current year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, December 13th. GATX’s payout ratio is currently 31.02%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Sidoti downgraded shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a report on Wednesday, December 4th. The Goldman Sachs Group assumed coverage on shares of GATX in a research note on Monday, November 18th. They issued a “buy” rating and a $185.00 price objective for the company. Finally, Susquehanna boosted their target price on GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, GATX currently has an average rating of “Hold” and an average target price of $151.80.

Insider Buying and Selling

In related news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were bought at an average cost of $133.65 per share, for a total transaction of $1,200,711.60. Following the purchase, the insider now owns 3,312,294 shares in the company, valued at $442,688,093.10. This trade represents a 0.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by insiders.

GATX Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.