Brandywine Global Investment Management LLC Has $8.54 Million Holdings in GATX (NYSE:GATX)

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.

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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.

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GATX Profile

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.

Institutional Ownership by Quarter for GATX (NYSE:GATX)

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