Swiss National Bank Trims Stock Holdings in GATX Co. (NYSE:GATX)

Swiss National Bank cut its holdings in shares of GATX Co. (NYSE:GATX) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,000 shares of the transportation company’s stock after selling 500 shares during the quarter. Swiss National Bank owned about 0.19% of GATX worth $8,742,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Chesapeake Capital Corp IL lifted its position in GATX by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 5,234 shares of the transportation company’s stock worth $698,000 after buying an additional 1,142 shares during the period. Natixis Advisors LLC lifted its position in GATX by 2.2% during the third quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock worth $22,206,000 after buying an additional 3,580 shares during the period. KBC Group NV lifted its position in GATX by 3.0% during the third quarter. KBC Group NV now owns 5,534 shares of the transportation company’s stock worth $733,000 after buying an additional 160 shares during the period. Winslow Asset Management Inc. increased its stake in GATX by 3.3% during the third quarter. Winslow Asset Management Inc. now owns 51,428 shares of the transportation company’s stock worth $6,812,000 after acquiring an additional 1,666 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in GATX by 1.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 14,142 shares of the transportation company’s stock worth $1,873,000 after acquiring an additional 163 shares during the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on GATX. The Goldman Sachs Group began coverage on GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 price target for the company. Susquehanna upped their price target on GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st.

Insider Activity

In other GATX news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of GATX stock in a transaction that occurred on 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 completion of the acquisition, the insider now owns 3,312,294 shares of the company’s stock, valued at approximately $442,688,093.10. This trade represents a 0.27 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.99% of the company’s stock.

GATX Price Performance

GATX stock opened at $165.79 on Tuesday. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41. GATX Co. has a 1 year low of $106.92 and a 1 year high of $167.25. The firm has a market cap of $5.89 billion, a P/E ratio of 22.16 and a beta of 0.95. The stock has a 50-day simple moving average of $140.54 and a 200-day simple moving average of $137.70.

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

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.58 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.40%. GATX’s dividend payout ratio (DPR) is currently 31.02%.

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.