Amalgamated Bank Cuts Position in GATX Co. (NYSE:GATX)

Amalgamated Bank decreased its holdings in GATX Co. (NYSE:GATXFree Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,423 shares of the transportation company’s stock after selling 366 shares during the quarter. Amalgamated Bank owned about 0.06% of GATX worth $2,455,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GATX. Orion Capital Management LLC acquired a new stake in GATX in the third quarter valued at $27,000. GAMMA Investing LLC acquired a new stake in GATX in the fourth quarter valued at $32,000. Headinvest LLC acquired a new stake in GATX in the third quarter valued at $33,000. McGlone Suttner Wealth Management Inc. acquired a new stake in GATX in the fourth quarter valued at $36,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in GATX in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Transactions at GATX

In other GATX news, Director Anne L. Arvia sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $131.98, for a total value of $131,980.00. Following the completion of the transaction, the director now owns 32,477 shares in the company, valued at approximately $4,286,314.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 7,711 shares of the company’s stock, valued at $1,031,963.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne L. Arvia sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $131.98, for a total transaction of $131,980.00. Following the transaction, the director now directly owns 32,477 shares in the company, valued at approximately $4,286,314.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,500 shares of company stock valued at $2,852,416. Insiders own 1.80% of the company’s stock.

GATX Trading Up 0.4 %

NYSE GATX opened at $132.70 on Friday. The company’s fifty day moving average price is $130.19 and its two-hundred day moving average price is $121.71. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 18.90 and a beta of 1.00. GATX Co. has a 12 month low of $97.21 and a 12 month 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 3.39.

GATX (NYSE:GATXGet Free Report) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.29. The company had revenue of $379.90 million during the quarter, compared to the consensus estimate of $375.80 million. GATX had a net margin of 17.64% and a return on equity of 11.29%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 EPS. As a group, research analysts predict that GATX Co. will post 7.55 earnings per share for the current fiscal year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, June 14th. GATX’s payout ratio is currently 33.05%.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on GATX

GATX Company Profile

(Free Report)

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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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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