GATX Co. (NYSE:GATX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in GATX Co. (NYSE:GATX) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,363 shares of the transportation company’s stock after selling 239 shares during the quarter. Thrivent Financial for Lutherans’ holdings in GATX were worth $1,108,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Gradient Investments LLC acquired a new position in GATX in the second quarter valued at $25,000. Wolff Wiese Magana LLC purchased a new position in shares of GATX in the 3rd quarter worth about $28,000. Quarry LP acquired a new position in shares of GATX in the 2nd quarter valued at about $37,000. Canada Pension Plan Investment Board purchased a new stake in shares of GATX during the 2nd quarter worth about $53,000. Finally, CWM LLC increased its position in GATX by 20.2% during the 3rd quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after purchasing an additional 82 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

GATX Stock Up 0.3 %

NYSE GATX opened at $164.16 on Monday. 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 Co. has a fifty-two week low of $107.62 and a fifty-two week high of $167.25. The business has a 50 day moving average price of $143.13 and a two-hundred day moving average price of $138.75. The stock has a market cap of $5.83 billion, a PE ratio of 21.95 and a beta of 0.95.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, beating 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 business had revenue of $405.40 million during the quarter, compared to the consensus estimate of $391.65 million. During the same period in the prior year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that GATX Co. will post 7.6 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, December 13th. GATX’s payout ratio is 31.02%.

Insider Buying and Selling

In related news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the purchase, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

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.