GATX Co. (NYSE:GATX) Stock Position Reduced by Swiss National Bank

Swiss National Bank lessened its position in shares of GATX Co. (NYSE:GATX) by 0.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 66,000 shares of the transportation company’s stock after selling 500 shares during the quarter. Swiss National Bank’s holdings in GATX were worth $8,742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted 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 worth $335,000 after buying an additional 71 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in GATX by 1.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the transportation company’s stock worth $604,000 after buying an additional 78 shares during the last quarter. Hilltop National Bank lifted its holdings in GATX by 11.2% during the 2nd quarter. Hilltop National Bank now owns 803 shares of the transportation company’s stock worth $106,000 after buying an additional 81 shares during the last quarter. CWM LLC lifted its holdings in GATX by 20.2% during the 3rd quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after buying an additional 82 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of GATX by 5.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,843 shares of the transportation company’s stock worth $244,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

Insider Activity at GATX

In other news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of the stock in a transaction dated Wednesday, October 9th. The shares were bought at an average cost of $133.65 per share, for a total transaction of $1,200,711.60. Following the transaction, the insider now owns 3,312,294 shares in the company, valued at $442,688,093.10. This trade represents a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.99% of the stock is owned by insiders.

Analysts Set New Price Targets

GATX has been the topic of several recent research reports. Susquehanna raised their price target 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 initiated coverage on GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 price target on the stock.

GATX Trading Up 2.6 %

Shares of NYSE GATX opened at $165.79 on Tuesday. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 22.16 and a beta of 0.95. GATX Co. has a 12-month low of $106.92 and a 12-month high of $167.25. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. The stock’s 50 day simple moving average is $140.54 and its 200 day simple moving average is $137.70.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.96 by $0.54. GATX had a return on equity of 11.98% and a net margin of 17.76%. The firm had revenue of $405.40 million for the quarter, compared to analysts’ expectations of $391.65 million. During the same period last year, the firm earned $1.44 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. Equities research analysts expect that GATX Co. will post 7.6 EPS for the current year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Friday, December 13th. GATX’s dividend payout ratio is currently 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.