Fifth Third Bancorp lowered its stake in GATX Co. (NYSE:GATX – Free Report) by 22.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,438 shares of the transportation company’s stock after selling 7,522 shares during the quarter. Fifth Third Bancorp’s holdings in GATX were worth $4,097,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. State Street Corp raised its holdings in GATX by 0.6% during the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock valued at $171,509,000 after acquiring an additional 7,585 shares during the period. Geode Capital Management LLC raised its stake in 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 purchasing an additional 12,571 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 purchasing 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. grew its holdings in GATX by 19.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company’s stock valued at $12,299,000 after buying an additional 15,092 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on GATX shares. The Goldman Sachs Group assumed coverage on shares of GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 target price on the stock. Susquehanna increased their price objective on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a research report on Wednesday, December 4th.
GATX Trading Down 1.2 %
GATX stock opened at $165.36 on Tuesday. The firm has a market cap of $5.87 billion, a PE ratio of 22.11 and a beta of 0.99. The firm has a fifty day moving average price of $158.06 and a 200 day moving average price of $145.51. 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 Co. has a fifty-two week low of $120.14 and a fifty-two week high of $168.29.
GATX (NYSE:GATX – Get Free Report) last posted its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.25. GATX had a net margin of 17.76% and a return on equity of 11.98%. During the same period in the prior year, the firm posted $1.74 EPS. Sell-side analysts anticipate that GATX Co. will post 7.6 earnings per share for the current fiscal year.
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.
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