Sheaff Brock Investment Advisors LLC Lowers Stake in GATX Corporation (GATX)
Sheaff Brock Investment Advisors LLC trimmed its position in shares of GATX Corporation (NYSE:GATX) by 6.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,912 shares of the transportation company’s stock after selling 859 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in GATX were worth $795,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of GATX. IFP Advisors Inc grew its holdings in GATX by 2.9% during the second quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock worth $145,000 after buying an additional 64 shares in the last quarter. Arizona State Retirement System grew its holdings in GATX by 0.6% during the second quarter. Arizona State Retirement System now owns 16,500 shares of the transportation company’s stock worth $1,060,000 after buying an additional 100 shares in the last quarter. State Treasurer State of Michigan grew its holdings in GATX by 0.6% during the second quarter. State Treasurer State of Michigan now owns 16,090 shares of the transportation company’s stock worth $1,034,000 after buying an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in GATX by 0.5% during the second quarter. Public Employees Retirement System of Ohio now owns 19,651 shares of the transportation company’s stock worth $1,263,000 after buying an additional 107 shares in the last quarter. Finally, Capstone Asset Management Co. grew its holdings in GATX by 7.0% during the second quarter. Capstone Asset Management Co. now owns 3,513 shares of the transportation company’s stock worth $226,000 after buying an additional 230 shares in the last quarter.
Shares of GATX Corporation (NYSE:GATX) traded up $1.81 during trading hours on Tuesday, reaching $63.35. The company’s stock had a trading volume of 282,100 shares, compared to its average volume of 314,133. The company has a market cap of $2,356.98, a P/E ratio of 11.95, a PEG ratio of 0.87 and a beta of 1.20. The company has a debt-to-equity ratio of 2.92, a current ratio of 3.13 and a quick ratio of 3.13. GATX Corporation has a 52-week low of $55.44 and a 52-week high of $66.30.
GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.26. The firm had revenue of $259.60 million during the quarter, compared to the consensus estimate of $350.04 million. GATX had a return on equity of 14.51% and a net margin of 13.76%. The business’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. sell-side analysts forecast that GATX Corporation will post 4.7 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 31st. Shareholders of record on Friday, December 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.65%. GATX’s dividend payout ratio (DPR) is presently 34.93%.
Several equities research analysts recently issued reports on GATX shares. Zacks Investment Research downgraded GATX from a “buy” rating to a “hold” rating in a report on Monday, September 4th. BidaskClub downgraded GATX from a “hold” rating to a “sell” rating in a report on Saturday, September 9th. Cowen reiterated a “hold” rating and set a $63.00 price target on shares of GATX in a report on Monday, August 28th. Buckingham Research reduced their price objective on GATX from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Finally, ValuEngine downgraded GATX from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $57.33.
In other GATX news, VP Jeffery R. Young sold 2,910 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 6,881 shares in the company, valued at approximately $403,914.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by corporate insiders.
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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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