Thrivent Financial For Lutherans Boosts Position in GATX Corporation (GATX)
Thrivent Financial For Lutherans increased its holdings in GATX Corporation (NYSE:GATX) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,880 shares of the transportation company’s stock after buying an additional 470 shares during the quarter. Thrivent Financial For Lutherans’ holdings in GATX Corporation were worth $506,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Shine Investment Advisory Services Inc. purchased a new position in GATX Corporation during the second quarter valued at approximately $118,000. IFP Advisors Inc lifted its holdings in GATX Corporation by 2.9% during the second 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 in the last quarter. Riverhead Capital Management LLC lifted its holdings in GATX Corporation by 55.4% during the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 831 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in GATX Corporation by 17.6% during the second quarter. LS Investment Advisors LLC now owns 3,133 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 469 shares in the last quarter. Finally, Geneva Advisors LLC purchased a new position in GATX Corporation during the second quarter valued at approximately $208,000.
Several brokerages have weighed in on GATX. BidaskClub raised shares of GATX Corporation from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Stifel Nicolaus reaffirmed a “hold” rating and set a $56.00 price target on shares of GATX Corporation in a report on Tuesday. Axiom Securities reaffirmed a “sell” rating on shares of GATX Corporation in a report on Wednesday, July 26th. Zacks Investment Research downgraded shares of GATX Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, ValuEngine raised shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $57.83.
In other news, VP Jeffery R. Young sold 2,910 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total transaction of $170,817.00. Following the sale, the vice president now owns 6,881 shares of the company’s stock, 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 owned by company insiders.
GATX Corporation (GATX) opened at 63.95 on Tuesday. The stock has a market cap of $2.48 billion, a P/E ratio of 10.78 and a beta of 1.20. GATX Corporation has a one year low of $42.21 and a one year high of $66.30. The firm’s 50-day moving average is $61.12 and its 200 day moving average is $61.46.
GATX Corporation (NYSE:GATX) last issued its quarterly earnings data on Thursday, July 20th. The transportation company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.21. The business had revenue of $348.40 million for 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 business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $1.49 EPS. On average, analysts anticipate 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 paid a dividend of $0.42 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.63%. GATX Corporation’s payout ratio is 28.38%.
GATX Corporation Company 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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