First Hawaiian Bank purchased a new stake in GATX Co. (NYSE:GATX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,764 shares of the transportation company’s stock, valued at approximately $1,192,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in GATX in the second quarter valued at approximately $148,000. Mount Yale Investment Advisors LLC bought a new position in GATX in the first quarter valued at approximately $191,000. Trexquant Investment LP bought a new position in GATX in the second quarter valued at approximately $279,000. Virtu Financial LLC bought a new stake in shares of GATX during the second quarter worth $404,000. Finally, Xact Kapitalforvaltning AB grew its stake in shares of GATX by 40.9% during the first quarter. Xact Kapitalforvaltning AB now owns 7,230 shares of the transportation company’s stock worth $495,000 after buying an additional 2,100 shares during the last quarter.

NYSE GATX opened at $82.60 on Friday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 1.09 and a beta of 1.39. GATX Co. has a fifty-two week low of $56.00 and a fifty-two week high of $91.12. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 2.43.

GATX (NYSE:GATX) last posted its earnings results on Thursday, July 19th. The transportation company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.24. The firm had revenue of $349.50 million for the quarter, compared to analysts’ expectations of $340.50 million. GATX had a net margin of 37.03% and a return on equity of 11.34%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 earnings per share. As a group, sell-side analysts predict that GATX Co. will post 5.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Sunday, September 30th. Shareholders of record on Friday, September 14th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, September 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.13%. GATX’s payout ratio is presently 37.45%.

In related news, EVP Deborah A. Golden sold 2,869 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $81.73, for a total value of $234,483.37. Following the sale, the executive vice president now owns 43,610 shares of the company’s stock, valued at $3,564,245.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian A. Kenney sold 20,743 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $85.94, for a total transaction of $1,782,653.42. Following the completion of the sale, the chief executive officer now directly owns 238,111 shares in the company, valued at approximately $20,463,259.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,668 shares of company stock worth $3,708,000. Insiders own 3.63% of the company’s stock.

GATX has been the topic of a number of research reports. Mizuho initiated coverage on shares of GATX in a research note on Wednesday, July 4th. They set a “buy” rating and a $88.00 target price on the stock. Buckingham Research boosted their target price on shares of GATX from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Zacks Investment Research cut shares of GATX from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Stifel Nicolaus set a $78.00 target price on shares of GATX and gave the stock a “hold” rating in a research note on Thursday, July 19th. Finally, ValuEngine raised shares of GATX from a “hold” rating to a “buy” rating in a research note on Friday, June 29th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $81.33.

GATX Company Profile

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.

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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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