Walthausen & Co. LLC Sells 7,520 Shares of GATX Corporation (GATX)
Walthausen & Co. LLC reduced its stake in shares of GATX Corporation (NYSE:GATX) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,170 shares of the transportation company’s stock after selling 7,520 shares during the period. Walthausen & Co. LLC owned 0.26% of GATX Corporation worth $6,502,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of GATX Corporation in the second quarter valued at about $118,000. IFP Advisors Inc grew its position in shares of GATX Corporation by 2.9% in the second quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock valued at $145,000 after purchasing an additional 64 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of GATX Corporation by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 831 shares during the last quarter. Advisor Group Inc. grew its position in shares of GATX Corporation by 15.5% in the second quarter. Advisor Group Inc. now owns 2,519 shares of the transportation company’s stock valued at $161,000 after purchasing an additional 338 shares during the last quarter. Finally, LS Investment Advisors LLC grew its position in shares of GATX Corporation by 17.6% in the second quarter. LS Investment Advisors LLC now owns 3,133 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 469 shares during the last quarter.
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In related news, VP Jeffery R. Young sold 2,910 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total transaction of $170,817.00. Following the sale, the vice president now owns 6,881 shares in the company, valued at approximately $403,914.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.
GATX Corporation (NYSE GATX) traded up 0.40% during midday trading on Wednesday, reaching $62.74. The company had a trading volume of 35,405 shares. The firm has a market capitalization of $2.43 billion, a P/E ratio of 10.58 and a beta of 1.20. The stock’s 50 day moving average price is $60.95 and its 200-day moving average price is $61.37. GATX Corporation has a one year low of $42.21 and a one year high of $66.30.
GATX Corporation (NYSE:GATX) last announced its earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.21. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The firm had revenue of $348.40 million for the quarter, compared to analyst estimates of $352.64 million. During the same quarter in the prior year, the business posted $1.49 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that GATX Corporation will post $4.60 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, September 30th. Investors of record on Friday, September 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.69%. GATX Corporation’s dividend payout ratio is 28.38%.
Several equities research analysts have recently issued reports on GATX shares. Zacks Investment Research raised GATX Corporation from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Monday, July 24th. Citigroup Inc. lowered their price target on GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Cowen and Company reaffirmed a “hold” rating and issued a $63.00 price target on shares of GATX Corporation in a research report on Monday, August 28th. Finally, Stifel Nicolaus raised GATX Corporation from a “sell” rating to a “hold” rating and raised their price target for the company from $50.00 to $54.00 in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. GATX Corporation currently has a consensus rating of “Hold” and an average target price of $57.50.
GATX Corporation Profile
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
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