GATX Co. (NYSE:GATX) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in shares of GATX Co. (NYSE:GATX) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,846 shares of the transportation company’s stock after purchasing an additional 158 shares during the period. Franklin Resources Inc.’s holdings in GATX were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its stake in shares of GATX by 27.9% in the third quarter. Tidal Investments LLC now owns 5,234 shares of the transportation company’s stock valued at $693,000 after buying an additional 1,142 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in GATX by 2.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,005 shares of the transportation company’s stock worth $1,193,000 after acquiring an additional 204 shares during the period. Virtu Financial LLC acquired a new stake in GATX in the third quarter valued at approximately $747,000. Rehmann Capital Advisory Group purchased a new stake in shares of GATX during the third quarter valued at approximately $204,000. Finally, Geode Capital Management LLC lifted its position in shares of GATX by 1.5% during the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock worth $112,550,000 after purchasing an additional 12,571 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were purchased at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the completion of the transaction, the insider now directly owns 3,312,294 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GATX has been the topic of several analyst reports. Sidoti downgraded shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a research note on Wednesday, December 4th. Susquehanna lifted their target price on GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group assumed coverage on GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 price target for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, GATX presently has a consensus rating of “Hold” and a consensus price target of $151.80.

GATX Stock Performance

Shares of GATX stock opened at $154.96 on Wednesday. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 20.72 and a beta of 0.99. GATX Co. has a one year low of $114.78 and a one year high of $167.74. The company’s 50-day simple moving average is $154.50 and its 200-day simple moving average is $142.61. 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 earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.54. GATX had a return on equity of 11.98% and a net margin of 17.76%. The company had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. During the same quarter last year, the business posted $1.44 EPS. GATX’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities analysts anticipate that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.32 annualized dividend and a yield of 1.50%. GATX’s dividend payout ratio (DPR) is 31.02%.

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.