Wells Fargo & Company MN raised its stake in shares of GATX Corporation (NYSE:GATX) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 583,264 shares of the transportation company’s stock after purchasing an additional 3,844 shares during the period. Wells Fargo & Company MN owned 1.52% of GATX worth $35,905,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LSV Asset Management lifted its holdings in shares of GATX by 48.5% in the 2nd quarter. LSV Asset Management now owns 398,136 shares of the transportation company’s stock valued at $25,588,000 after acquiring an additional 130,034 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of GATX by 68.7% in the 2nd quarter. Prudential Financial Inc. now owns 159,636 shares of the transportation company’s stock valued at $10,260,000 after acquiring an additional 64,988 shares during the last quarter. State Street Corp lifted its holdings in shares of GATX by 4.5% in the 2nd quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock valued at $89,470,000 after acquiring an additional 59,729 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of GATX by 7,147.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,386 shares of the transportation company’s stock valued at $2,921,000 after acquiring an additional 45,746 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of GATX by 4.3% in the 2nd quarter. Northern Trust Corp now owns 1,085,985 shares of the transportation company’s stock valued at $69,796,000 after acquiring an additional 45,088 shares during the last quarter.

Shares of GATX Corporation (GATX) opened at $61.37 on Wednesday. The company has a debt-to-equity ratio of 2.92, a current ratio of 3.13 and a quick ratio of 3.13. GATX Corporation has a 1 year low of $55.44 and a 1 year high of $66.30. The firm has a market cap of $2,346.26, a PE ratio of 11.90, a P/E/G ratio of 0.87 and a beta of 1.20.

GATX (NYSE:GATX) last posted its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.26. GATX had a net margin of 13.76% and a return on equity of 14.51%. The company had revenue of $259.60 million for the quarter, compared to analyst estimates of $350.04 million. During the same period in the prior year, the company posted $1.50 EPS. The firm’s revenue for the quarter was down 28.5% on a year-over-year basis. equities research analysts predict that GATX Corporation will post 4.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 31st. Investors of record on Friday, December 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, December 14th. GATX’s dividend payout ratio (DPR) is currently 34.93%.

A number of research analysts recently commented on GATX shares. Zacks Investment Research downgraded shares of GATX from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Cowen reaffirmed a “hold” rating and issued a $63.00 price target on shares of GATX in a report on Monday, August 28th. ValuEngine raised shares of GATX from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub lowered shares of GATX from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $56.00 price objective on shares of GATX in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. GATX presently has a consensus rating of “Hold” and a consensus target price of $57.33.

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GATX 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.

Institutional Ownership by Quarter for GATX (NYSE:GATX)

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