GATX Corporation (GATX) Shares Sold by Brandywine Global Investment Management LLC
Brandywine Global Investment Management LLC cut its stake in shares of GATX Corporation (NYSE:GATX) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,919 shares of the transportation company’s stock after selling 7,708 shares during the quarter. Brandywine Global Investment Management LLC owned 0.42% of GATX Corporation worth $10,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in GATX. Vanguard Group Inc. raised its stake in shares of GATX Corporation by 0.5% during the second quarter. Vanguard Group Inc. now owns 4,928,720 shares of the transportation company’s stock worth $316,768,000 after acquiring an additional 22,954 shares in the last quarter. BlackRock Inc. raised its stake in shares of GATX Corporation by 14,968.9% during the first quarter. BlackRock Inc. now owns 4,203,323 shares of the transportation company’s stock worth $256,234,000 after acquiring an additional 4,175,429 shares in the last quarter. State Street Corp raised its stake in shares of GATX Corporation by 1.6% during the first quarter. State Street Corp now owns 1,332,438 shares of the transportation company’s stock worth $81,227,000 after acquiring an additional 20,689 shares in the last quarter. Northern Trust Corp raised its stake in shares of GATX Corporation by 4.3% during the second quarter. Northern Trust Corp now owns 1,085,985 shares of the transportation company’s stock worth $69,796,000 after acquiring an additional 45,088 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of GATX Corporation by 35.2% during the first quarter. AQR Capital Management LLC now owns 518,271 shares of the transportation company’s stock worth $31,594,000 after acquiring an additional 135,041 shares in the last quarter.
GATX Corporation (NYSE:GATX) opened at 61.56 on Friday. The firm’s 50 day moving average is $60.90 and its 200 day moving average is $60.97. The stock has a market capitalization of $2.38 billion, a P/E ratio of 10.38 and a beta of 1.20. GATX Corporation has a 1-year low of $41.48 and a 1-year high of $66.30.
GATX Corporation (NYSE:GATX) last posted its earnings results on Thursday, July 20th. The transportation company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.21. The firm had revenue of $348.40 million during the quarter, compared to the consensus estimate of $352.64 million. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 EPS. On average, equities research analysts anticipate that GATX Corporation will post $4.61 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Stockholders of record on Friday, September 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.73%. GATX Corporation’s dividend payout ratio is currently 28.38%.
GATX has been the topic of several research reports. Axiom Securities reissued a “sell” rating on shares of GATX Corporation in a research note on Friday, June 16th. ValuEngine raised shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 3rd. Zacks Investment Research downgraded shares of GATX Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Citigroup Inc. decreased their price target on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Finally, Stifel Nicolaus raised shares of GATX Corporation from a “sell” rating to a “hold” rating and lifted their price target for the stock from $50.00 to $54.00 in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $57.50.
In other news, VP Jeffery R. Young sold 2,910 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total transaction of $170,817.00. Following the completion of the transaction, the vice president now directly owns 6,881 shares in the company, valued at approximately $403,914.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.
About GATX Corporation
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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