Central Pacific Bank Trust Division Reduces Position in GATX Co. (NYSE:GATX)

Central Pacific Bank Trust Division lessened its holdings in shares of GATX Co. (NYSE:GATX) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,200 shares of the transportation company’s stock after selling 800 shares during the period. Central Pacific Bank Trust Division’s holdings in GATX were worth $2,200,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GATX. American Century Companies Inc. grew its stake in shares of GATX by 16.9% in the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock valued at $110,074,000 after buying an additional 120,149 shares during the period. Earnest Partners LLC grew its stake in shares of GATX by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company’s stock valued at $412,710,000 after buying an additional 68,243 shares during the period. Sei Investments Co. grew its stake in shares of GATX by 4.9% in the 2nd quarter. Sei Investments Co. now owns 869,643 shares of the transportation company’s stock valued at $115,106,000 after buying an additional 40,924 shares during the period. International Assets Investment Management LLC acquired a new position in shares of GATX in the 3rd quarter worth approximately $3,922,000. Finally, AE Wealth Management LLC lifted its holdings in shares of GATX by 46.4% in the 2nd quarter. AE Wealth Management LLC now owns 71,366 shares of the transportation company’s stock worth $9,446,000 after acquiring an additional 22,619 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Activity at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the stock in a transaction on Wednesday, October 9th. The shares were bought at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a report on Wednesday, December 4th. The Goldman Sachs Group began coverage on shares of GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 target price on the stock. Finally, Susquehanna increased their target price on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $151.80.

GATX Stock Up 1.2 %

Shares of NYSE:GATX traded up $1.87 during trading hours on Friday, reaching $153.88. The stock had a trading volume of 41,871 shares, compared to its average volume of 102,435. GATX Co. has a 1 year low of $114.78 and a 1 year high of $167.74. The firm’s 50 day moving average is $155.08 and its 200-day moving average is $142.76. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 20.57 and a beta of 0.99.

GATX (NYSE:GATX) last posted its 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. The firm had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $1.44 EPS. Research analysts predict that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Friday, December 13th. GATX’s dividend payout ratio (DPR) is 31.02%.

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.