Hussman Strategic Advisors Inc. Has $3.77 Million Stake in GATX Corporation (GATX)
Hussman Strategic Advisors Inc. lifted its stake in GATX Corporation (NYSE:GATX) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,200 shares of the transportation company’s stock after purchasing an additional 1,200 shares during the period. Hussman Strategic Advisors Inc. owned 0.16% of GATX Corporation worth $3,767,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of GATX Corporation by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,928,720 shares of the transportation company’s stock worth $316,768,000 after purchasing an additional 22,954 shares in the last quarter. BlackRock Inc. increased its stake in shares of GATX Corporation by 14,968.9% in the 1st quarter. BlackRock Inc. now owns 4,203,323 shares of the transportation company’s stock worth $256,234,000 after purchasing an additional 4,175,429 shares in the last quarter. State Street Corp increased its stake in shares of GATX Corporation by 4.5% in the 2nd quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock worth $89,470,000 after purchasing an additional 59,729 shares in the last quarter. Northern Trust Corp increased its stake in shares of GATX Corporation by 4.3% in the 2nd quarter. Northern Trust Corp now owns 1,085,985 shares of the transportation company’s stock worth $69,796,000 after purchasing an additional 45,088 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of GATX Corporation by 48.5% in the 2nd quarter. LSV Asset Management now owns 398,136 shares of the transportation company’s stock worth $25,588,000 after purchasing an additional 130,034 shares in the last quarter.
GATX has been the subject of several analyst reports. BidaskClub upgraded GATX Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research lowered GATX Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Buckingham Research reduced their price objective on GATX Corporation from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Cowen and Company restated a “hold” rating and issued a $63.00 price objective on shares of GATX Corporation in a research note on Monday, August 28th. Finally, Stifel Nicolaus upgraded GATX Corporation from a “sell” rating to a “hold” rating and upped their price objective for the stock from $50.00 to $54.00 in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. GATX Corporation presently has an average rating of “Hold” and an average target price of $57.33.
In other GATX Corporation news, VP Jeffery R. Young sold 2,910 shares of GATX Corporation stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total value of $170,817.00. Following the completion of the transaction, the vice president now owns 6,881 shares of the company’s stock, valued at $403,914.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by insiders.
GATX Corporation (NYSE:GATX) last released its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.26. GATX Corporation had a net margin of 13.76% and a return on equity of 14.51%. The company had revenue of $259.60 million during the quarter, compared to analysts’ expectations of $350.04 million. During the same quarter in the previous year, the company earned $1.50 earnings per share. The firm’s revenue for the quarter was down 28.5% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 31st. Shareholders of record on Friday, December 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.83%. GATX Corporation’s payout ratio is 34.93%.
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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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