GATX Co. (NYSE:GATX) Shares Bought by MML Investors Services LLC

MML Investors Services LLC increased its holdings in GATX Co. (NYSE:GATX) by 4.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,983 shares of the transportation company’s stock after purchasing an additional 441 shares during the quarter. MML Investors Services LLC’s holdings in GATX were worth $1,455,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new position in shares of GATX during the third quarter valued at approximately $28,000. Quarry LP acquired a new position in shares of GATX during the second quarter valued at approximately $37,000. Canada Pension Plan Investment Board acquired a new position in shares of GATX during the second quarter valued at approximately $53,000. CWM LLC grew its position in shares of GATX by 20.2% in the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 82 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of GATX by 872.4% in the third quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 506 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GATX. Susquehanna upped their price target on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group began coverage on GATX in a research report on Monday, November 18th. They issued a “buy” rating and a $185.00 price target for the company. Finally, Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $151.80.

GATX Trading Down 3.7 %

Shares of GATX stock opened at $155.21 on Thursday. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 20.75 and a beta of 0.99. GATX Co. has a fifty-two week low of $114.78 and a fifty-two week high of $167.74. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41. The stock has a 50 day moving average of $150.16 and a 200 day moving average of $140.92.

GATX (NYSE:GATX) last issued 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. The company had revenue of $405.40 million during the quarter, compared to analyst estimates of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. As a group, research analysts predict that GATX Co. will post 7.6 earnings per share for the current year.

GATX Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.49%. GATX’s dividend payout ratio is currently 31.02%.

Insider Transactions at GATX

In other news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of the stock in a transaction dated Wednesday, October 9th. The stock was acquired at an average cost of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the transaction, the insider now directly owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. This represents a 0.27 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company 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.