Russell Investments Group Ltd. Raises Holdings in GATX Co. (NYSE:GATX)

Russell Investments Group Ltd. raised its position in GATX Co. (NYSE:GATX) by 7.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,658 shares of the transportation company’s stock after purchasing an additional 1,300 shares during the period. Russell Investments Group Ltd. owned 0.05% of GATX worth $1,453,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GATX. Synovus Financial Corp increased its position in shares of GATX by 7.2% during the 2nd quarter. Synovus Financial Corp now owns 10,104 shares of the transportation company’s stock worth $748,000 after purchasing an additional 676 shares during the last quarter. Aperio Group LLC grew its position in GATX by 1.5% in the 2nd quarter. Aperio Group LLC now owns 54,092 shares of the transportation company’s stock valued at $4,015,000 after acquiring an additional 776 shares in the last quarter. SG Americas Securities LLC grew its position in GATX by 7.2% in the 2nd quarter. SG Americas Securities LLC now owns 14,644 shares of the transportation company’s stock valued at $1,087,000 after acquiring an additional 988 shares in the last quarter. Victory Capital Management Inc. grew its position in GATX by 7.7% in the 1st quarter. Victory Capital Management Inc. now owns 14,950 shares of the transportation company’s stock valued at $1,024,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Swiss National Bank grew its position in GATX by 1.7% in the 1st quarter. Swiss National Bank now owns 64,000 shares of the transportation company’s stock valued at $4,383,000 after acquiring an additional 1,100 shares in the last quarter.

Several research firms have weighed in on GATX. Mizuho reaffirmed a “buy” rating and issued a $95.00 target price on shares of GATX in a research report on Friday, July 20th. Stifel Nicolaus set a $78.00 target price on GATX and gave the company a “hold” rating in a research report on Thursday, July 19th. Zacks Investment Research raised GATX from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Thursday, September 6th. ValuEngine raised GATX from a “hold” rating to a “buy” rating in a research report on Friday, June 29th. Finally, Buckingham Research lifted their target price on GATX from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.33.

In related news, EVP Deborah A. Golden sold 2,869 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $81.73, for a total transaction of $234,483.37. Following the completion of the sale, the executive vice president now owns 43,610 shares in the company, valued at $3,564,245.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian A. Kenney sold 20,743 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $85.94, for a total value of $1,782,653.42. Following the sale, the chief executive officer now owns 238,111 shares of the company’s stock, valued at approximately $20,463,259.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,668 shares of company stock valued at $3,708,000. 3.63% of the stock is owned by company insiders.

Shares of GATX traded up $0.10 during midday trading on Friday, hitting $82.00. The company had a trading volume of 228,930 shares, compared to its average volume of 287,969. The company has a debt-to-equity ratio of 2.43, a quick ratio of 2.77 and a current ratio of 2.77. The stock has a market capitalization of $3.26 billion, a PE ratio of 17.45, a PEG ratio of 1.14 and a beta of 1.38. GATX Co. has a 1 year low of $56.00 and a 1 year high of $91.12.

GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, July 19th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.24. The business had revenue of $349.50 million during the quarter, compared to analysts’ expectations of $340.50 million. GATX had a return on equity of 11.34% and a net margin of 37.03%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS. Analysts predict that GATX Co. will post 5.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 30th. Investors of record on Friday, September 14th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.15%. The ex-dividend date was Thursday, September 13th. GATX’s payout ratio is 37.45%.

About GATX

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.

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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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