Greenleaf Trust Acquires New Stake in GATX Co. (GATX)
Greenleaf Trust acquired a new position in shares of GATX Co. (NYSE:GATX) in the 1st quarter, HoldingsChannel reports. The firm acquired 3,845 shares of the transportation company’s stock, valued at approximately $294,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GATX. Doyle Wealth Management acquired a new position in GATX during the fourth quarter worth about $28,000. Ffcm LLC raised its stake in GATX by 275.0% during the fourth quarter. Ffcm LLC now owns 450 shares of the transportation company’s stock worth $32,000 after acquiring an additional 330 shares in the last quarter. Private Capital Group LLC raised its stake in GATX by 98.9% during the fourth quarter. Private Capital Group LLC now owns 742 shares of the transportation company’s stock worth $53,000 after acquiring an additional 369 shares in the last quarter. Clarus Wealth Advisors acquired a new position in GATX during the fourth quarter worth about $87,000. Finally, We Are One Seven LLC acquired a new position in GATX during the fourth quarter worth about $129,000.
GATX stock opened at $73.28 on Friday. GATX Co. has a 1 year low of $67.46 and a 1 year high of $91.12. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.87 and a quick ratio of 2.87. The company has a market capitalization of $2.65 billion, a PE ratio of 14.04, a PEG ratio of 1.02 and a beta of 1.49.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, June 13th. GATX’s dividend payout ratio is currently 35.25%.
Several research analysts have commented on the company. Zacks Investment Research raised GATX from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Tuesday, March 26th. Mizuho set a $87.00 target price on GATX and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. GATX presently has a consensus rating of “Buy” and an average price target of $82.00.
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GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.
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