Barclays PLC Has $8.93 Million Stake in GATX Co. (NYSE:GATX)

Barclays PLC reduced its stake in shares of GATX Co. (NYSE:GATX) by 38.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 67,451 shares of the transportation company’s stock after selling 41,921 shares during the quarter. Barclays PLC’s holdings in GATX were worth $8,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its holdings in shares of GATX by 144.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,570 shares of the transportation company’s stock worth $208,000 after purchasing an additional 928 shares during the last quarter. MML Investors Services LLC grew its stake in GATX by 4.2% during the third quarter. MML Investors Services LLC now owns 10,983 shares of the transportation company’s stock worth $1,455,000 after buying an additional 441 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of GATX during the third quarter worth approximately $220,000. State Street Corp raised its stake in shares of GATX by 0.6% in the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock valued at $171,509,000 after acquiring an additional 7,585 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of GATX in the 3rd quarter worth approximately $213,000. 93.14% of the stock is owned by institutional investors.

Insider Buying and Selling at GATX

In related news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of GATX stock in a transaction on Wednesday, October 9th. The shares were purchased at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the acquisition, the insider now owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. This represents a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

GATX has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 price target for the company. Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a research note on Wednesday, December 4th. Finally, Susquehanna raised their price objective on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $151.80.

GATX Trading Down 1.0 %

GATX stock opened at $161.05 on Wednesday. The business has a fifty day moving average of $149.61 and a 200-day moving average of $140.76. The company has a market cap of $5.72 billion, a P/E ratio of 21.53 and a beta of 0.99. GATX Co. has a twelve month low of $114.78 and a twelve month high of $167.74. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41.

GATX (NYSE:GATX) last released its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. During the same period in the prior year, the company posted $1.44 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts expect that GATX Co. will post 7.6 EPS for the current year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, December 13th. GATX’s dividend payout ratio is presently 31.02%.

GATX Company Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.