Stifel Financial Corp Sells 85 Shares of GATX Co. (NYSE:GATX)

Stifel Financial Corp lowered its stake in GATX Co. (NYSE:GATX) by 0.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,858 shares of the transportation company’s stock after selling 85 shares during the quarter. Stifel Financial Corp’s holdings in GATX were worth $1,438,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in GATX by 2.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company’s stock valued at $335,000 after buying an additional 71 shares during the last quarter. Raymond James & Associates raised its stake in shares of GATX by 5.9% during the second quarter. Raymond James & Associates now owns 32,071 shares of the transportation company’s stock valued at $4,245,000 after acquiring an additional 1,787 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of GATX by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 378,274 shares of the transportation company’s stock worth $50,068,000 after purchasing an additional 5,686 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of GATX by 76.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 37,134 shares of the transportation company’s stock worth $4,915,000 after purchasing an additional 16,054 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in GATX by 12.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,344 shares of the transportation company’s stock valued at $972,000 after purchasing an additional 837 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Activity at GATX

In related news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of GATX stock in a transaction that occurred on Wednesday, October 9th. The stock was bought at an average price of $133.65 per share, with a total value of $1,200,711.60. Following the transaction, the insider now directly owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. This 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 the SEC website. 1.80% of the stock is currently owned by corporate insiders.

GATX Stock Performance

GATX stock opened at $154.52 on Friday. GATX Co. has a fifty-two week low of $114.78 and a fifty-two week high of $167.74. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 20.66 and a beta of 0.99. The stock’s 50 day simple moving average is $151.49 and its two-hundred day simple moving average is $141.32. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41.

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, beating the consensus estimate of $1.96 by $0.54. The company had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 earnings per share. As a group, analysts expect that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.58 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.50%. GATX’s payout ratio is 31.02%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group began coverage on GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 price objective for the company. Susquehanna raised 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. Finally, Sidoti downgraded shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, GATX currently has an average rating of “Hold” and a consensus target price of $151.80.

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.