Crossmark Global Holdings Inc. Trims Position in GATX Co. (NYSE:GATX)

Crossmark Global Holdings Inc. trimmed its position in GATX Co. (NYSE:GATX) by 30.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,883 shares of the transportation company’s stock after selling 828 shares during the period. Crossmark Global Holdings Inc.’s holdings in GATX were worth $292,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. State Street Corp increased its holdings in shares of GATX by 0.6% in the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock worth $171,509,000 after purchasing an additional 7,585 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of GATX by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock valued at $112,550,000 after acquiring an additional 12,571 shares during the period. Charles Schwab Investment Management Inc. increased its stake in GATX by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after buying an additional 17,255 shares in the last quarter. Natixis Advisors LLC boosted its stake in GATX by 2.2% in the 3rd quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock worth $22,206,000 after purchasing an additional 3,580 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in GATX by 19.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company’s stock valued at $12,299,000 after acquiring an additional 15,092 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Trading Up 3.9 %

GATX stock opened at $167.66 on Monday. The firm has a market cap of $5.95 billion, a P/E ratio of 22.41 and a beta of 0.99. The company’s 50-day simple moving average is $157.80 and its 200-day simple moving average is $145.35. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. GATX Co. has a 52-week low of $120.14 and a 52-week high of $167.83.

GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.25. GATX had a return on equity of 11.98% and a net margin of 17.76%. During the same period last year, the firm earned $1.74 EPS. As a group, equities analysts forecast that GATX Co. will post 7.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Susquehanna lifted their target price on GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. The Goldman Sachs Group began coverage on GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 price target on the stock. Finally, Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a report on Wednesday, December 4th.

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.