MetLife Investment Management LLC Has $5.04 Million Stake in GATX Co. (NYSE:GATX)

MetLife Investment Management LLC reduced its position in shares of GATX Co. (NYSE:GATX) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,057 shares of the transportation company’s stock after selling 643 shares during the quarter. MetLife Investment Management LLC owned 0.11% of GATX worth $5,041,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. American Century Companies Inc. grew its position in GATX by 16.9% during 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 in the last quarter. Earnest Partners LLC boosted its stake in shares of GATX by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company’s stock valued at $412,710,000 after buying an additional 68,243 shares during the period. Sei Investments Co. increased its stake in shares of GATX by 4.9% in the second quarter. Sei Investments Co. now owns 869,643 shares of the transportation company’s stock worth $115,106,000 after acquiring an additional 40,924 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of GATX during the third quarter worth $3,922,000. Finally, AE Wealth Management LLC raised its holdings in shares of GATX by 46.4% during the second quarter. AE Wealth Management LLC now owns 71,366 shares of the transportation company’s stock worth $9,446,000 after acquiring an additional 22,619 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Buying and Selling

In other GATX news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the stock in a transaction on Wednesday, October 9th. The shares were purchased at an average price of $133.65 per share, with a total value of $1,200,711.60. Following the acquisition, the insider now directly owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. This represents a 0.27 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

GATX Price Performance

NYSE GATX opened at $164.16 on Monday. GATX Co. has a fifty-two week low of $107.62 and a fifty-two week high of $167.25. The stock’s 50-day moving average is $143.13 and its two-hundred day moving average is $138.75. The firm has a market cap of $5.83 billion, a P/E ratio of 21.95 and a beta of 0.95. 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 issued its quarterly earnings data 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 business had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business earned $1.44 EPS. On average, analysts anticipate that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a yield of 1.41%. GATX’s payout ratio is presently 31.02%.

Wall Street Analysts Forecast Growth

GATX has been the topic of several research reports. The Goldman Sachs Group initiated coverage on GATX in a research 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 GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

About GATX

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.