M&T Bank Corp Has $208,000 Position in GATX Corporation (GATX)
M&T Bank Corp trimmed its position in GATX Corporation (NYSE:GATX) by 44.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,234 shares of the transportation company’s stock after selling 2,574 shares during the quarter. M&T Bank Corp’s holdings in GATX Corporation were worth $208,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in GATX. BlackRock Inc. increased its holdings in GATX Corporation by 14,968.9% in the 1st quarter. BlackRock Inc. now owns 4,203,323 shares of the transportation company’s stock worth $256,234,000 after acquiring an additional 4,175,429 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in GATX Corporation in the 1st quarter worth approximately $8,293,000. AQR Capital Management LLC increased its holdings in GATX Corporation by 35.2% in the 1st quarter. AQR Capital Management LLC now owns 518,271 shares of the transportation company’s stock worth $31,594,000 after acquiring an additional 135,041 shares in the last quarter. LSV Asset Management increased its holdings in GATX Corporation by 48.5% in the 2nd quarter. LSV Asset Management now owns 398,136 shares of the transportation company’s stock worth $25,588,000 after acquiring an additional 130,034 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in GATX Corporation by 68.7% in the 2nd quarter. Prudential Financial Inc. now owns 159,636 shares of the transportation company’s stock worth $10,260,000 after acquiring an additional 64,988 shares in the last quarter.
GATX has been the subject of several analyst reports. Buckingham Research started coverage on shares of GATX Corporation in a report on Wednesday, June 21st. They issued a “neutral” rating and a $64.00 target price for the company. Zacks Investment Research downgraded GATX Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Cowen and Company restated a “hold” rating and issued a $63.00 price target on shares of GATX Corporation in a research note on Monday, August 28th. Stifel Nicolaus upgraded GATX Corporation from a “sell” rating to a “hold” rating and upped their price target for the stock from $50.00 to $54.00 in a research note on Monday, July 17th. Finally, Citigroup Inc. dropped their price target on GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $57.50.
GATX Corporation (NYSE:GATX) opened at 63.35 on Monday. GATX Corporation has a 1-year low of $42.21 and a 1-year high of $66.30. The company has a market capitalization of $2.45 billion, a P/E ratio of 10.68 and a beta of 1.20. The firm has a 50-day moving average price of $61.12 and a 200 day moving average price of $61.46.
GATX Corporation (NYSE:GATX) last posted its quarterly earnings data on Thursday, July 20th. The transportation company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 17.83% and a net margin of 17.09%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 earnings per share. On average, equities analysts predict that GATX Corporation will post $4.60 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Stockholders of record on Friday, September 15th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, September 14th. GATX Corporation’s dividend payout ratio (DPR) is presently 28.38%.
In other news, VP Jeffery R. Young sold 2,910 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 6,881 shares in the company, valued at $403,914.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by 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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