GATX Corporation $GATX Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in shares of GATX Corporation (NYSE:GATX) by 11.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 155,912 shares of the transportation company’s stock after selling 20,111 shares during the quarter. ProShare Advisors LLC’s holdings in GATX were worth $26,508,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GATX. BlackRock Inc. bought a new position in GATX in the second quarter valued at approximately $823,055,000. Bank of America Corp DE acquired a new position in shares of GATX in the second quarter valued at approximately $178,042,000. Bank of New York Mellon Corp acquired a new position in GATX in the 2nd quarter valued at $51,178,000. Jupiter Topco LLC acquired a new position in shares of GATX in the second quarter valued at about $25,363,000. Finally, Walleye Capital LLC acquired a new position in shares of GATX during the 2nd quarter worth approximately $21,691,000. Institutional investors own 93.14% of the company’s stock.

Insider Buying and Selling at GATX

In other GATX news, VP Geoffrey Phillips sold 2,500 shares of GATX stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $177.60, for a total transaction of $444,000.00. Following the completion of the transaction, the vice president owned 1 shares in the company, valued at approximately $177.60. The trade was a 99.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas Ellman sold 18,200 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the completion of the sale, the chief financial officer owned 34,361 shares of the company’s stock, valued at approximately $6,187,728.88. The trade was a 34.63% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 21,700 shares of company stock worth $3,900,976. Insiders own 1.86% of the company’s stock.

GATX Stock Performance

GATX stock opened at $188.98 on Tuesday. The firm has a market cap of $6.67 billion, a PE ratio of 17.55 and a beta of 1.19. GATX Corporation has a 1-year low of $150.42 and a 1-year high of $205.56. The stock has a 50-day moving average price of $173.92 and a 200-day moving average price of $178.93. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44.

GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, October 29th. The transportation company reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.46. GATX had a net margin of 17.94% and a return on equity of 10.43%. The company had revenue of $598.00 million during the quarter, compared to analyst estimates of $592.66 million. During the same quarter in the previous year, the business posted $2.25 EPS. GATX’s revenue for the quarter was up 36.1% compared to the same quarter last year. As a group, equities research analysts expect that GATX Corporation will post 10.30 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 15th. GATX’s dividend payout ratio (DPR) is 24.51%.

Analysts Set New Price Targets

A number of brokerages recently commented on GATX. Weiss Ratings cut GATX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Citigroup upped their price target on shares of GATX from $215.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Finally, Susquehanna upped their price objective on GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $219.33.

GATX Company Profile

GATX Corporation is a global asset-leasing company focused primarily on rail transportation. Through its rail businesses, the company owns, leases and manages a diverse fleet of freight railcars used to transport commodities and manufactured goods, including tank cars, covered and open hoppers, boxcars and specialized rail equipment. GATX also provides fleet management, maintenance and other services that support railcar customers.

GATX serves customers across North America and Europe through operations that include GATX Rail North America and GATX Rail Europe.