Thrivent Financial for Lutherans Has $1.14 Million Stake in GATX Co. (NYSE:GATX)

Thrivent Financial for Lutherans trimmed its stake in shares of GATX Co. (NYSE:GATX) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,602 shares of the transportation company’s stock after selling 294 shares during the period. Thrivent Financial for Lutherans’ holdings in GATX were worth $1,139,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GATX. Sei Investments Co. lifted 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 buying an additional 40,924 shares during the period. Pacer Advisors Inc. lifted its holdings in GATX by 49.9% in the second quarter. Pacer Advisors Inc. now owns 7,923 shares of the transportation company’s stock valued at $1,049,000 after buying an additional 2,639 shares during the period. AE Wealth Management LLC lifted its holdings in GATX by 46.4% in the second quarter. AE Wealth Management LLC now owns 71,366 shares of the transportation company’s stock valued at $9,446,000 after buying an additional 22,619 shares during the period. Canada Pension Plan Investment Board acquired a new position in GATX in the second quarter valued at approximately $53,000. Finally, Seven Eight Capital LP acquired a new position in GATX in the second quarter valued at approximately $487,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Trading Up 0.9 %

Shares of NYSE GATX opened at $129.63 on Friday. The company’s 50 day simple moving average is $136.30 and its 200 day simple moving average is $134.41. GATX Co. has a fifty-two week low of $97.21 and a fifty-two week high of $151.33. The firm has a market capitalization of $4.61 billion, a P/E ratio of 18.47 and a beta of 0.95. The company has a debt-to-equity ratio of 3.52, a current ratio of 4.97 and a quick ratio of 4.97.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). The business had revenue of $386.70 million during the quarter, compared to analyst estimates of $385.45 million. GATX had a net margin of 15.86% and a return on equity of 10.61%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 earnings per share. On average, analysts predict that GATX Co. will post 7.5 EPS for the current year.

GATX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.32 annualized dividend and a yield of 1.79%. GATX’s dividend payout ratio (DPR) is presently 33.05%.

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.