GATX Co. (NYSE:GATX) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its holdings in GATX Co. (NYSE:GATX) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,510 shares of the transportation company’s stock after selling 369 shares during the period. Bank of Montreal Can’s holdings in GATX were worth $2,335,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Gradient Investments LLC bought a new stake in shares of GATX during the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC bought a new position in shares of GATX in the third quarter worth $28,000. Quarry LP acquired a new position in shares of GATX during the second quarter valued at $37,000. Canada Pension Plan Investment Board bought a new stake in shares of GATX during the second quarter valued at about $53,000. Finally, CWM LLC lifted its holdings in GATX by 20.2% in the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after purchasing an additional 82 shares during the period. Institutional investors own 93.14% of the company’s stock.

GATX Price Performance

Shares of GATX stock opened at $159.24 on Friday. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 21.29 and a beta of 0.99. GATX Co. has a twelve month low of $110.94 and a twelve month high of $167.25. The company has a 50-day simple moving average of $145.17 and a two-hundred day simple moving average of $139.42.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. The business had revenue of $405.40 million for the quarter, compared to analysts’ expectations of $391.65 million. GATX had a net margin of 17.76% and a return on equity of 11.98%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. Analysts forecast that GATX Co. will post 7.6 EPS for the current year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, December 13th. GATX’s dividend payout ratio is currently 31.02%.

Insider Transactions at GATX

In related news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were bought 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GATX has been the topic of several research reports. Sidoti cut GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a report on Wednesday. The Goldman Sachs Group initiated coverage on GATX in a research note on Monday, November 18th. They issued a “buy” rating and a $185.00 price target on the stock. Finally, Susquehanna upped their price objective on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $151.80.

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.