GATX Co. (NYSE:GATX) Shares Bought by Citigroup Inc.

Citigroup Inc. raised its position in GATX Co. (NYSE:GATX) by 209.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,602 shares of the transportation company’s stock after acquiring an additional 20,045 shares during the quarter. Citigroup Inc.’s holdings in GATX were worth $3,921,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Earnest Partners LLC boosted its holdings in GATX by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company’s stock worth $412,710,000 after buying an additional 68,243 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of GATX by 4.9% during the 2nd quarter. Sei Investments Co. now owns 869,643 shares of the transportation company’s stock worth $115,106,000 after purchasing an additional 40,924 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of GATX by 16.9% during the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock worth $110,074,000 after purchasing an additional 120,149 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of GATX by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after purchasing an additional 17,255 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of GATX by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 378,274 shares of the transportation company’s stock worth $50,068,000 after purchasing an additional 5,686 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was bought at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the purchase, the insider now directly owns 3,312,294 shares of the company’s stock, valued at approximately $442,688,093.10. The trade was a 0.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.99% of the company’s stock.

Analysts Set New Price Targets

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

GATX Stock Down 1.2 %

GATX stock opened at $162.44 on Wednesday. GATX Co. has a twelve month low of $110.94 and a twelve month high of $167.25. The stock’s fifty day simple moving average is $144.15 and its 200-day simple moving average is $139.13. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. The firm has a market capitalization of $5.77 billion, a P/E ratio of 21.72 and a beta of 0.99.

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

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.43%. GATX’s payout ratio is currently 31.02%.

GATX Company 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.