GATX Co. (NYSE:GATX) Stock Holdings Lessened by Federated Hermes Inc.

Federated Hermes Inc. decreased its holdings in shares of GATX Co. (NYSE:GATX) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,936 shares of the transportation company’s stock after selling 379 shares during the quarter. Federated Hermes Inc.’s holdings in GATX were worth $353,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Orion Capital Management LLC bought a new position in GATX in the 3rd quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of GATX during the fourth quarter valued at approximately $36,000. Headinvest LLC bought a new stake in GATX during the third quarter worth approximately $33,000. Bruce G. Allen Investments LLC acquired a new position in shares of GATX during the 4th quarter valued at $42,000. Finally, Adirondack Trust Co. acquired a new stake in shares of GATX in the third quarter valued at $44,000. Institutional investors own 93.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Susquehanna lifted their price objective on shares of GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen upped their target price on GATX from $122.00 to $136.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Company lifted their price target on GATX from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th.

GATX Trading Up 1.3 %

NYSE:GATX opened at $127.98 on Friday. The stock has a market cap of $4.56 billion, a PE ratio of 18.23 and a beta of 1.00. GATX Co. has a fifty-two week low of $97.21 and a fifty-two week high of $135.65. The company has a debt-to-equity ratio of 3.28, a current ratio of 3.39 and a quick ratio of 2.79. The stock’s 50-day moving average is $129.66 and its two-hundred day moving average is $120.82.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.29. The firm had revenue of $379.90 million for the quarter, compared to analyst estimates of $375.80 million. GATX had a net margin of 17.64% and a return on equity of 11.29%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 EPS. As a group, equities research analysts forecast that GATX Co. will post 7.55 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Friday, June 14th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Friday, June 14th. GATX’s dividend payout ratio is presently 33.05%.

Insiders Place Their Bets

In other news, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $133.83, for a total transaction of $294,426.00. Following the completion of the sale, the senior vice president now owns 7,711 shares in the company, valued at approximately $1,031,963.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Robert C. Lyons sold 19,300 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the transaction, the chief executive officer now directly owns 44,710 shares in the company, valued at $5,620,047. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $133.83, for a total value of $294,426.00. Following the completion of the transaction, the senior vice president now directly owns 7,711 shares of the company’s stock, valued at approximately $1,031,963.13. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

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.