Pathstone Family Office LLC Maintains Holdings in GATX Corporation (GATX)
Pathstone Family Office LLC maintained its stake in GATX Corporation (NYSE:GATX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24 shares of the transportation company’s stock at the end of the 2nd quarter. Pathstone Family Office LLC’s holdings in GATX Corporation were worth $1,542,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in GATX. Arizona State Retirement System raised its stake in GATX Corporation by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 16,500 shares of the transportation company’s stock valued at $1,060,000 after acquiring an additional 100 shares during the period. Fox Run Management L.L.C. bought a new stake in GATX Corporation in the 2nd quarter valued at $308,000. SG Americas Securities LLC raised its stake in GATX Corporation by 57.4% in the 2nd quarter. SG Americas Securities LLC now owns 16,475 shares of the transportation company’s stock valued at $1,059,000 after acquiring an additional 6,006 shares during the period. BNP Paribas Arbitrage SA raised its stake in GATX Corporation by 117.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 21,685 shares of the transportation company’s stock valued at $1,394,000 after acquiring an additional 11,710 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in GATX Corporation by 6.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,607 shares of the transportation company’s stock valued at $401,000 after acquiring an additional 392 shares during the period.
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GATX Corporation (NYSE:GATX) traded down 0.25% on Wednesday, reaching $59.45. The company’s stock had a trading volume of 20,982 shares. GATX Corporation has a 12 month low of $41.15 and a 12 month high of $66.30. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 10.02 and a beta of 1.20. The firm has a 50 day moving average of $60.90 and a 200 day moving average of $60.97.
GATX Corporation (NYSE:GATX) last posted its quarterly earnings data on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.21. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The business had revenue of $348.40 million for the quarter, compared to analysts’ expectations of $352.64 million. During the same quarter in the previous year, the firm earned $1.49 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. Analysts anticipate that GATX Corporation will post $4.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.68 annualized dividend and a yield of 2.82%. GATX Corporation’s dividend payout ratio is currently 28.38%.
In other GATX Corporation news, VP Jeffery R. Young sold 2,910 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total value of $170,817.00. Following the transaction, the vice president now owns 6,881 shares of the company’s stock, valued at $403,914.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is currently owned by insiders.
A number of research firms recently weighed in on GATX. Axiom Securities restated a “sell” rating on shares of GATX Corporation in a research note on Wednesday, July 26th. Zacks Investment Research cut GATX Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded GATX Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub cut GATX Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, September 9th. Finally, Citigroup Inc. dropped their price target on GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $55.71.
GATX Corporation Profile
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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