Teachers Advisors LLC Has $4.54 Million Position in GATX Corporation (GATX)
Teachers Advisors LLC cut its position in GATX Corporation (NYSE:GATX) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,577 shares of the transportation company’s stock after selling 1,103 shares during the quarter. Teachers Advisors LLC owned about 0.18% of GATX Corporation worth $4,536,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in GATX. IFP Advisors Inc lifted its holdings in GATX Corporation by 2.9% during the 2nd quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock valued at $145,000 after purchasing an additional 64 shares during the last quarter. State Treasurer State of Michigan lifted its holdings in GATX Corporation by 0.6% during the 2nd quarter. State Treasurer State of Michigan now owns 16,090 shares of the transportation company’s stock valued at $1,034,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System lifted its holdings in GATX Corporation by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 16,500 shares of the transportation company’s stock valued at $1,060,000 after purchasing an additional 100 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in GATX Corporation by 1.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 12,660 shares of the transportation company’s stock valued at $814,000 after purchasing an additional 120 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in GATX Corporation by 0.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,233 shares of the transportation company’s stock valued at $990,000 after purchasing an additional 130 shares during the last quarter.
In other news, VP Jeffery R. Young sold 2,910 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total transaction of $170,817.00. Following the transaction, the vice president now directly owns 6,881 shares in the company, valued at approximately $403,914.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by corporate insiders.
GATX Corporation (GATX) opened at 62.66 on Thursday. The firm has a market cap of $2.43 billion, a P/E ratio of 10.56 and a beta of 1.20. GATX Corporation has a 1-year low of $42.21 and a 1-year high of $66.30. The company has a 50-day moving average price of $60.99 and a 200-day moving average price of $61.38.
GATX Corporation (NYSE:GATX) last released its quarterly earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, beating the 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 firm had revenue of $348.40 million for the quarter, compared to analysts’ expectations of $352.64 million. During the same quarter last year, the firm posted $1.49 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts forecast that GATX Corporation will post $4.60 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Stockholders of record on Friday, September 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.68%. GATX Corporation’s dividend payout ratio (DPR) is presently 28.38%.
GATX has been the subject of a number of research reports. Axiom Securities reissued a “sell” rating on shares of GATX Corporation in a report on Friday, June 16th. Buckingham Research initiated coverage on GATX Corporation in a report on Wednesday, June 21st. They set a “neutral” rating and a $64.00 target price for the company. Stifel Nicolaus raised GATX Corporation from a “sell” rating to a “hold” rating and lifted their target price for the stock from $50.00 to $54.00 in a report on Monday, July 17th. Zacks Investment Research downgraded GATX Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Citigroup Inc. dropped their target price on GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.50.
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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