GATX Co. (NYSE:GATX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its position in GATX Co. (NYSE:GATX) by 5.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,242 shares of the transportation company’s stock after selling 1,143 shares during the quarter. Mutual of America Capital Management LLC’s holdings in GATX were worth $2,549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of GATX by 16.9% in the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock valued at $110,074,000 after purchasing an additional 120,149 shares in the last quarter. Earnest Partners LLC increased its stake in shares of GATX by 2.2% in the second quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company’s stock worth $412,710,000 after buying an additional 68,243 shares during the last quarter. Sei Investments Co. raised its holdings in GATX by 4.9% in the second quarter. Sei Investments Co. now owns 869,643 shares of the transportation company’s stock valued at $115,106,000 after acquiring an additional 40,924 shares in the last quarter. International Assets Investment Management LLC bought a new position in GATX during the 3rd quarter valued at $3,922,000. Finally, AE Wealth Management LLC grew its holdings in GATX by 46.4% during the 2nd quarter. AE Wealth Management LLC now owns 71,366 shares of the transportation company’s stock worth $9,446,000 after acquiring an additional 22,619 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GATX. Susquehanna upped their target price on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. The Goldman Sachs Group initiated coverage on GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 price objective for the company.

GATX Stock Up 1.7 %

GATX stock opened at $161.59 on Friday. The firm has a fifty day moving average price of $140.54 and a two-hundred day moving average price of $137.61. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. GATX Co. has a 1-year low of $106.92 and a 1-year high of $162.74. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 21.60 and a beta of 0.95.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The firm had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. During the same quarter in the prior year, the business earned $1.44 earnings per share. GATX’s quarterly revenue was up 12.6% on a year-over-year basis. Research analysts predict that GATX Co. will post 7.6 EPS for the current year.

GATX Dividend Announcement

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

Insider Buying and Selling

In other news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of GATX stock in a transaction on Wednesday, October 9th. The stock was purchased at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the purchase, the insider now directly owns 3,312,294 shares of the company’s stock, valued at approximately $442,688,093.10. This trade represents a 0.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by company insiders.

GATX 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.