US Bancorp DE Has $1.49 Million Position in GATX Co. (GATX)
US Bancorp DE lowered its holdings in GATX Co. (NYSE:GATX) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,025 shares of the transportation company’s stock after selling 4,052 shares during the period. US Bancorp DE’s holdings in GATX were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp grew its position in GATX by 4.5% in the second quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock valued at $89,470,000 after purchasing an additional 59,729 shares in the last quarter. LSV Asset Management grew its position in GATX by 9.5% in the fourth quarter. LSV Asset Management now owns 592,109 shares of the transportation company’s stock valued at $36,805,000 after purchasing an additional 51,273 shares in the last quarter. Wells Fargo & Company MN grew its position in GATX by 0.7% in the third quarter. Wells Fargo & Company MN now owns 583,264 shares of the transportation company’s stock valued at $35,905,000 after purchasing an additional 3,844 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in GATX by 5.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 335,637 shares of the transportation company’s stock valued at $20,864,000 after purchasing an additional 16,924 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in GATX by 32.5% in the third quarter. Prudential Financial Inc. now owns 211,476 shares of the transportation company’s stock valued at $13,018,000 after purchasing an additional 51,840 shares in the last quarter.
GATX Co. (GATX) opened at $70.74 on Monday. GATX Co. has a 12-month low of $55.82 and a 12-month high of $72.96. The company has a market cap of $2,709.34, a PE ratio of 15.08, a PEG ratio of 1.03 and a beta of 1.25. The company has a debt-to-equity ratio of 2.45, a current ratio of 3.32 and a quick ratio of 3.13.
The business also recently announced a quarterly dividend, which will be paid on Saturday, March 31st. Stockholders of record on Monday, March 5th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, March 2nd. This is a boost from GATX’s previous quarterly dividend of $0.42. GATX’s dividend payout ratio (DPR) is currently 13.05%.
A number of research firms recently weighed in on GATX. Citigroup raised their target price on shares of GATX from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price objective (up previously from $56.00) on shares of GATX in a research report on Monday, January 22nd. Cowen reissued a “market perform” rating and issued a $69.00 price objective (up previously from $61.00) on shares of GATX in a research report on Friday, January 19th. Seaport Global Securities started coverage on shares of GATX in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research raised 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $67.40.
In other news, VP Robert C. Lyons sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $71.42, for a total transaction of $285,680.00. Following the completion of the sale, the vice president now owns 44,053 shares in the company, valued at approximately $3,146,265.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Deborah A. Golden sold 1,357 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $70.91, for a total transaction of $96,224.87. Following the sale, the executive vice president now owns 43,318 shares of the company’s stock, valued at approximately $3,071,679.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,524 shares of company stock valued at $3,236,942. 3.50% of the stock is currently owned by corporate insiders.
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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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