Brandywine Global Investment Management LLC cut its holdings in shares of GATX (NYSE:GATX) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,340 shares of the transportation company’s stock after selling 13,362 shares during the quarter. Brandywine Global Investment Management LLC owned 0.36% of GATX worth $8,538,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in GATX. Zurcher Kantonalbank Zurich Cantonalbank grew its position in GATX by 56.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the transportation company’s stock worth $123,000 after purchasing an additional 719 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of GATX by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 13,881 shares of the transportation company’s stock worth $863,000 after acquiring an additional 843 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of GATX by 26.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,786 shares of the transportation company’s stock worth $297,000 after acquiring an additional 1,003 shares during the period. ING Groep NV lifted its stake in shares of GATX by 21.9% in the 4th quarter. ING Groep NV now owns 5,779 shares of the transportation company’s stock worth $359,000 after acquiring an additional 1,039 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of GATX by 29.9% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 5,500 shares of the transportation company’s stock worth $339,000 after acquiring an additional 1,267 shares during the period.
In related news, Chairman Brian A. Kenney sold 20,112 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $71.24, for a total value of $1,432,778.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric D. Harkness sold 2,550 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $70.48, for a total transaction of $179,724.00. Following the completion of the transaction, the vice president now owns 5,121 shares of the company’s stock, valued at approximately $360,928.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,578 shares of company stock valued at $3,452,793. 3.63% of the stock is owned by insiders.
Shares of NYSE GATX traded down $2.11 during trading on Friday, reaching $66.95. 400,640 shares of the stock were exchanged, compared to its average volume of 355,236. GATX has a twelve month low of $56.00 and a twelve month high of $73.25. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 2.45. The stock has a market cap of $2,600.72, a P/E ratio of 14.24, a PEG ratio of 1.00 and a beta of 1.20.
GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, January 18th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.04). The company had revenue of $352.80 million during the quarter, compared to analyst estimates of $347.90 million. GATX had a net margin of 36.46% and a return on equity of 12.15%. The company’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 earnings per share. research analysts expect that GATX will post 4.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 31st. Shareholders of record on Monday, March 5th were paid a dividend of $0.44 per share. This is a positive change from GATX’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.76 annualized dividend and a yield of 2.63%. GATX’s payout ratio is presently 37.45%.
Several analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of GATX from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, March 28th. Seaport Global Securities assumed coverage on shares of GATX in a research report on Thursday, January 4th. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of GATX from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Wednesday, December 27th. Citigroup lifted their price target on shares of GATX from $71.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Cowen reiterated a “market perform” rating and set a $69.00 price target (up from $61.00) on shares of GATX in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. GATX has a consensus rating of “Hold” and an average price target of $70.20.
ILLEGAL ACTIVITY WARNING: This news story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2018/04/07/gatx-co-gatx-stake-lowered-by-brandywine-global-investment-management-llc.html.
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.
Receive News & Ratings for GATX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX and related companies with MarketBeat.com's FREE daily email newsletter.