GATX Co. (NYSE:GATX) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lessened its position in GATX Co. (NYSE:GATX) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The firm 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 hedge funds also recently made changes to their positions in GATX. Natixis Advisors LLC increased its position in shares of GATX by 2.2% in the third quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock valued at $22,206,000 after buying an additional 3,580 shares in the last quarter. State Street Corp increased its holdings in GATX by 0.6% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in GATX by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock valued at $62,878,000 after acquiring an additional 17,255 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of GATX by 1.5% in the third 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 in the last quarter. Finally, American Century Companies Inc. grew its position in shares of GATX by 16.9% in the second quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock valued at $110,074,000 after purchasing an additional 120,149 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Buying and Selling at GATX

In related news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

GATX Trading Up 1.2 %

NYSE:GATX traded up $1.87 during trading hours on Friday, reaching $153.88. 41,871 shares of the company were exchanged, compared to its average volume of 102,435. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 20.57 and a beta of 0.99. The stock has a 50 day simple moving average of $155.08 and a 200 day simple moving average of $142.76. GATX Co. has a 52-week low of $114.78 and a 52-week high of $167.74. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41.

GATX (NYSE:GATX) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. The company had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. GATX had a net margin of 17.76% and a return on equity of 11.98%. GATX’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $1.44 EPS. As a group, analysts predict that GATX Co. will post 7.6 EPS for the current year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.51%. GATX’s payout ratio is 31.02%.

Analysts Set New Price Targets

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

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.