Rehmann Capital Advisory Group Acquires New Holdings in GATX Co. (NYSE:GATX)

Rehmann Capital Advisory Group bought a new position in shares of GATX Co. (NYSE:GATX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,534 shares of the transportation company’s stock, valued at approximately $204,000.

Other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC increased its holdings 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of GATX by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock valued at $62,878,000 after buying an additional 17,255 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in GATX by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 347,451 shares of the transportation company’s stock valued at $45,989,000 after buying an additional 20,985 shares during the last quarter. American Century Companies Inc. boosted its position in GATX by 16.9% during the 2nd 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, Seven Eight Capital LP bought a new stake in GATX during the 2nd quarter worth approximately $487,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GATX

In related news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were purchased 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 owns 3,312,294 shares of the company’s stock, valued at approximately $442,688,093.10. This trade represents a 0.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

GATX Trading Down 0.2 %

GATX opened at $161.37 on Friday. GATX Co. has a twelve month low of $114.78 and a twelve month high of $167.74. The company has a fifty day moving average of $149.03 and a 200-day moving average of $140.48. The stock has a market cap of $5.73 billion, a PE ratio of 21.57 and a beta of 0.99. 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 (NYSE:GATX) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The business had revenue of $405.40 million for the quarter, compared to analysts’ expectations of $391.65 million. During the same quarter in the prior year, the firm posted $1.44 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts predict that GATX Co. will post 7.6 EPS for the current year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, December 13th. 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.