Connable Office Inc. held its stake in shares of GATX Corporation (NYSE:GATX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,954 shares of the transportation company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in GATX Corporation were worth $318,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. Tyers Asset Management LLC increased its stake in shares of GATX Corporation by 10.1% in the first quarter. Tyers Asset Management LLC now owns 1,914 shares of the transportation company’s stock worth $117,000 after buying an additional 176 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of GATX Corporation during the second quarter worth $118,000. IFP Advisors Inc increased its stake in shares of GATX Corporation by 0.4% in the first quarter. IFP Advisors Inc now owns 2,195 shares of the transportation company’s stock worth $134,000 after buying an additional 9 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of GATX Corporation by 10.1% in the first quarter. Flinton Capital Management LLC now owns 2,436 shares of the transportation company’s stock worth $149,000 after buying an additional 224 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of GATX Corporation by 19.4% in the first quarter. Bank of Montreal Can now owns 2,525 shares of the transportation company’s stock worth $154,000 after buying an additional 410 shares in the last quarter.

GATX Corporation (NYSE:GATX) opened at 61.84 on Friday. GATX Corporation has a 52-week low of $40.66 and a 52-week high of $66.30. The firm has a 50-day moving average of $62.72 and a 200 day moving average of $60.64. The company has a market cap of $2.39 billion, a PE ratio of 10.42 and a beta of 1.19.

GATX Corporation (NYSE:GATX) last announced its earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.21. The business had revenue of $348.40 million during the quarter, compared to analysts’ expectations of $352.64 million. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $1.49 EPS. Equities research analysts expect that GATX Corporation will post $4.60 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, September 14th. GATX Corporation’s dividend payout ratio (DPR) is currently 28.38%.

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A number of equities research analysts recently weighed in on GATX shares. Zacks Investment Research raised shares of GATX Corporation from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Friday, April 21st. Citigroup Inc. lowered their price objective on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Stifel Nicolaus raised shares of GATX Corporation from a “sell” rating to a “hold” rating and boosted their price objective for the company from $50.00 to $54.00 in a research report on Monday, July 17th. Cowen and Company reaffirmed a “market perform” rating and set a $63.00 price objective (up previously from $62.00) on shares of GATX Corporation in a research report on Sunday, April 23rd. Finally, Buckingham Research started coverage on shares of GATX Corporation in a research report on Wednesday, June 21st. They set a “neutral” rating and a $64.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. GATX Corporation currently has an average rating of “Hold” and an average target price of $56.14.

In other GATX Corporation news, EVP Thomas A. Ellman sold 2,239 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $61.52, for a total value of $137,743.28. Following the completion of the sale, the executive vice president now owns 30,740 shares in the company, valued at approximately $1,891,124.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul F. Titterton sold 2,843 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $61.68, for a total transaction of $175,356.24. Following the completion of the sale, the senior vice president now owns 12,261 shares of the company’s stock, valued at approximately $756,258.48. The disclosure for this sale can be found here. Insiders have sold a total of 9,517 shares of company stock valued at $601,618 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

About GATX Corporation

GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.

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Institutional Ownership by Quarter for GATX Corporation (NYSE:GATX)

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