GATX Co. (NYSE:GATX) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its position in shares of GATX Co. (NYSE:GATX) by 33.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,344 shares of the transportation company’s stock after selling 5,111 shares during the period. BNP Paribas Financial Markets’ holdings in GATX were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its stake in GATX by 3.3% in the second quarter. Park Avenue Securities LLC now owns 4,750 shares of the transportation company’s stock valued at $629,000 after buying an additional 150 shares during the last quarter. SG Americas Securities LLC lifted its stake in GATX by 108.4% in the second quarter. SG Americas Securities LLC now owns 5,751 shares of the transportation company’s stock valued at $761,000 after buying an additional 2,992 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of GATX by 2.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company’s stock valued at $335,000 after purchasing an additional 71 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in GATX by 8.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,144 shares of the transportation company’s stock valued at $681,000 after buying an additional 395 shares during the period. Finally, Welch Group LLC raised its holdings in GATX by 149.4% during the second quarter. Welch Group LLC now owns 7,512 shares of the transportation company’s stock worth $994,000 after purchasing an additional 4,500 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors.

GATX Trading Up 1.0 %

Shares of GATX stock opened at $160.83 on Monday. The company’s fifty day simple moving average is $145.72 and its 200-day simple moving average is $139.58. GATX Co. has a 1 year low of $111.13 and a 1 year high of $167.25. 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 company has a market cap of $5.71 billion, a price-to-earnings ratio of 21.50 and a beta of 0.99.

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

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, December 13th. GATX’s dividend payout ratio is 31.02%.

Insider Transactions at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was acquired at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the completion of the acquisition, the insider now directly owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. This represents a 0.27 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on GATX. The Goldman Sachs Group initiated coverage on shares of GATX in a research report on Monday, November 18th. They set a “buy” rating and a $185.00 price objective for the company. Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a research note on Wednesday, December 4th. Finally, Susquehanna increased their target price on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $151.80.

About GATX

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.