Rice Hall James & Associates LLC Cuts Stake in GATX Co. (NYSE:GATX)

Rice Hall James & Associates LLC lessened its stake in GATX Co. (NYSE:GATX) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,787 shares of the transportation company’s stock after selling 355 shares during the quarter. Rice Hall James & Associates LLC owned 0.07% of GATX worth $3,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its position in GATX by 2.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company’s stock valued at $335,000 after acquiring an additional 71 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of GATX by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the transportation company’s stock valued at $604,000 after purchasing an additional 78 shares in the last quarter. Hilltop National Bank boosted its position in shares of GATX by 11.2% during the second quarter. Hilltop National Bank now owns 803 shares of the transportation company’s stock valued at $106,000 after buying an additional 81 shares during the last quarter. CWM LLC increased its holdings in GATX by 20.2% in the 3rd quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after buying an additional 82 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in GATX by 2.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,749 shares of the transportation company’s stock worth $637,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Susquehanna raised their price target on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st.

GATX Price Performance

NYSE GATX opened at $138.27 on Friday. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 18.49 and a beta of 0.95. GATX Co. has a 1-year low of $104.88 and a 1-year high of $151.33. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. The business’s fifty day moving average price is $135.90 and its 200-day moving average price is $134.93.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. The company had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. GATX’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share. On average, equities analysts predict that GATX Co. will post 7.6 earnings per share for the current year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, December 13th. This represents a $2.32 annualized dividend and a yield of 1.68%. GATX’s dividend payout ratio (DPR) is 31.02%.

Insider Buying and Selling at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was purchased at an average price of $133.65 per share, with a total value of $1,200,711.60. Following the transaction, the insider now directly owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

GATX Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.