Thrivent Financial for Lutherans Cuts Holdings in GATX Co. (NYSE:GATX)

Thrivent Financial for Lutherans cut its holdings in GATX Co. (NYSE:GATX) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GATX. Kingswood Wealth Advisors LLC boosted its position in shares of GATX by 89.2% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 8,273 shares of the transportation company’s stock worth $1,095,000 after purchasing an additional 3,900 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of GATX by 2.2% in the third quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock valued at $22,206,000 after purchasing an additional 3,580 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in GATX by 6.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 347,451 shares of the transportation company’s stock worth $45,989,000 after buying an additional 20,985 shares in the last quarter. American Century Companies Inc. grew its position in GATX by 16.9% during the second quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock worth $110,074,000 after buying an additional 120,149 shares during the period. Finally, Atria Investments Inc purchased a new position in GATX in the first quarter valued at about $1,747,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Transactions at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the acquisition, the insider now directly owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. This trade represents a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GATX. Susquehanna boosted their price target on 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 GATX in a research report on Monday, November 18th. They set a “buy” rating and a $185.00 target price on the stock.

GATX Stock Up 0.3 %

GATX stock opened at $164.16 on Monday. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. The company’s 50 day simple moving average is $143.13 and its 200-day simple moving average is $138.75. GATX Co. has a 12 month low of $107.62 and a 12 month high of $167.25. The firm has a market capitalization of $5.83 billion, a PE ratio of 21.95 and a beta of 0.95.

GATX (NYSE:GATX) last released its quarterly earnings results 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 the consensus estimate of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. GATX’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. Equities analysts expect that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Dividend Announcement

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 issued a dividend of $0.58 per share. The ex-dividend date is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.41%. GATX’s dividend payout ratio (DPR) is presently 31.02%.

About GATX

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.