Earnest Partners LLC lowered its holdings in shares of GATX Co. (NYSE:GATX) by 4.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,642,887 shares of the transportation company’s stock after selling 81,451 shares during the period. GATX comprises 1.0% of Earnest Partners LLC’s holdings, making the stock its 29th largest holding. Earnest Partners LLC owned about 4.29% of GATX worth $102,122,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in GATX. Shine Investment Advisory Services Inc. acquired a new stake in shares of GATX during the fourth quarter worth $109,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of GATX by 56.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the transportation company’s stock worth $123,000 after buying an additional 719 shares during the period. Alps Advisors Inc. acquired a new stake in shares of GATX during the fourth quarter worth $227,000. Crossmark Global Holdings Inc. acquired a new stake in shares of GATX during the third quarter worth $233,000. Finally, Investors Research Corp acquired a new stake in shares of GATX during the fourth quarter worth $233,000.
Several equities research analysts have recently weighed in on the stock. Seaport Global Securities assumed coverage on shares of GATX in a research report on Thursday, January 4th. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of GATX from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Wednesday, December 27th. Citigroup increased their price objective on shares of GATX from $71.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Cowen reiterated a “market perform” rating and set a $69.00 price objective (up from $61.00) on shares of GATX in a research report on Friday, January 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $60.00 price objective (up from $56.00) on shares of GATX in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. GATX currently has a consensus rating of “Hold” and a consensus price target of $67.40.
Shares of GATX Co. (NYSE:GATX) opened at $71.33 on Monday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 2.45. The company has a market cap of $2,710.54, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23. GATX Co. has a twelve month low of $55.82 and a twelve month high of $73.25.
GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, January 18th. The transportation company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The company had revenue of $352.80 million during the quarter, compared to analyst estimates of $347.90 million. GATX had a return on equity of 12.15% and a net margin of 36.46%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 earnings per share. equities analysts predict that GATX Co. will post 4.57 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 31st. Shareholders of record on Monday, March 5th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.47%. This is a boost from GATX’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, March 2nd. GATX’s dividend payout ratio (DPR) is presently 13.68%.
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GATX Company Profile
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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