Citigroup Inc. lessened its position in GATX Co. (NYSE:GATX) by 36.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,763 shares of the transportation company’s stock after selling 13,614 shares during the quarter. Citigroup Inc.’s holdings in GATX were worth $1,682,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Doyle Wealth Management bought a new position in GATX in the fourth quarter valued at $28,000. Ffcm LLC boosted its position in GATX by 275.0% during the fourth quarter. Ffcm LLC now owns 450 shares of the transportation company’s stock valued at $32,000 after buying an additional 330 shares during the period. Private Capital Group LLC boosted its position in GATX by 98.9% during the fourth quarter. Private Capital Group LLC now owns 742 shares of the transportation company’s stock valued at $53,000 after buying an additional 369 shares during the period. FMR LLC purchased a new stake in GATX during the third quarter valued at about $105,000. Finally, Clarus Wealth Advisors purchased a new stake in GATX during the fourth quarter valued at about $87,000.
NYSE GATX opened at $76.62 on Thursday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.55. GATX Co. has a 12-month low of $63.98 and a 12-month high of $91.12. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.01 and a beta of 1.52.
GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, January 22nd. The transportation company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.10. GATX had a net margin of 15.53% and a return on equity of 10.97%. The business had revenue of $356.40 million during the quarter, compared to analyst estimates of $348.64 million. During the same period in the prior year, the business posted $8.83 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. Sell-side analysts predict that GATX Co. will post 5 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, March 31st. Stockholders of record on Monday, March 4th will be issued a dividend of $0.46 per share. This is a positive change from GATX’s previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, March 1st. GATX’s dividend payout ratio is currently 35.25%.
GATX has been the subject of several analyst reports. Wells Fargo & Co set a $90.00 price target on shares of GATX and gave the company an “outperform” rating in a research report on Wednesday, January 23rd. Zacks Investment Research upgraded shares of GATX from a “sell” rating to a “hold” rating in a research report on Monday, February 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. GATX has an average rating of “Buy” and a consensus target price of $84.00.
In other news, SVP Jeffery R. Young sold 2,223 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $77.48, for a total transaction of $172,238.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert Zmudka sold 1,526 shares of the stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $76.61, for a total transaction of $116,906.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,022 shares of company stock valued at $385,753. 3.63% of the stock is currently owned by company insiders.
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GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.
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