Earnest Partners LLC boosted its holdings in shares of GATX Co. (NYSE:GATX) by 0.7% in the second quarter, HoldingsChannel reports. The firm owned 1,643,827 shares of the transportation company’s stock after acquiring an additional 11,355 shares during the period. GATX makes up 1.2% of Earnest Partners LLC’s portfolio, making the stock its 16th biggest position. Earnest Partners LLC’s holdings in GATX were worth $130,339,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in GATX. Motco acquired a new stake in GATX during the 2nd quarter valued at $26,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of GATX in the 2nd quarter valued at $41,000. Krane Funds Advisors LLC acquired a new stake in shares of GATX in the 2nd quarter valued at $62,000. ETF Managers Group LLC increased its stake in shares of GATX by 10.0% in the 1st quarter. ETF Managers Group LLC now owns 2,115 shares of the transportation company’s stock valued at $162,000 after buying an additional 192 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of GATX in the 1st quarter valued at $212,000.
In other news, VP Robert Zmudka sold 2,134 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $75.94, for a total value of $162,055.96. Following the transaction, the vice president now directly owns 9,564 shares in the company, valued at approximately $726,290.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William M. Muckian sold 5,806 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $77.96, for a total value of $452,635.76. Following the completion of the transaction, the vice president now owns 11,660 shares in the company, valued at $909,013.60. The disclosure for this sale can be found here. Insiders sold a total of 13,075 shares of company stock valued at $996,108 over the last three months. Insiders own 3.72% of the company’s stock.
NYSE GATX opened at $80.66 on Friday. The stock has a fifty day moving average of $75.06 and a 200-day moving average of $75.89. The stock has a market capitalization of $2.84 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 1.04 and a beta of 1.50. GATX Co. has a 52 week low of $67.46 and a 52 week high of $89.94. The company has a debt-to-equity ratio of 2.90, a quick ratio of 3.10 and a current ratio of 3.10.
GATX (NYSE:GATX) last released its earnings results on Thursday, July 18th. The transportation company reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.46. The company had revenue of $359.40 million during the quarter, compared to analysts’ expectations of $355.00 million. GATX had a return on equity of 10.21% and a net margin of 14.88%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS. Equities research analysts forecast that GATX Co. will post 5.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.46 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.84 annualized dividend and a dividend yield of 2.28%. GATX’s dividend payout ratio (DPR) is currently 35.25%.
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.
Further Reading: Overbought
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