Harbor Island Capital LLC Decreases Holdings in GATX Co. (NYSE:GATX)

Harbor Island Capital LLC reduced its stake in GATX Co. (NYSE:GATX) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 93,892 shares of the transportation company’s stock after selling 7,081 shares during the quarter. GATX makes up approximately 6.5% of Harbor Island Capital LLC’s investment portfolio, making the stock its 6th biggest position. Harbor Island Capital LLC’s holdings in GATX were worth $12,088,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Orion Capital Management LLC bought a new stake in GATX during the first quarter valued at about $28,000. Public Employees Retirement System of Ohio bought a new stake in GATX during the first quarter valued at about $89,000. Advisory Services Network LLC raised its holdings in GATX by 125.7% during the first quarter. Advisory Services Network LLC now owns 844 shares of the transportation company’s stock valued at $93,000 after acquiring an additional 470 shares during the period. Ellevest Inc. raised its holdings in GATX by 79.2% during the first quarter. Ellevest Inc. now owns 907 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 401 shares during the period. Finally, First Manhattan CO. LLC. bought a new stake in shares of GATX in the first quarter worth about $132,000. 99.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GATX has been the topic of several research reports. TD Cowen reaffirmed a “market perform” rating and issued a $137.00 target price (up from $135.00) on shares of GATX in a report on Wednesday, July 26th. Wells Fargo & Company lifted their price target on GATX from $125.00 to $145.00 in a research report on Wednesday, July 26th. Susquehanna lifted their price target on GATX from $118.00 to $122.00 in a research report on Wednesday, July 26th. Stephens lifted their price target on GATX from $135.00 to $142.00 in a research report on Wednesday, July 26th. Finally, StockNews.com assumed coverage on GATX in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $136.50.

GATX Trading Down 0.8 %

Shares of GATX stock traded down $0.90 on Tuesday, hitting $112.47. 37,557 shares of the company traded hands, compared to its average volume of 143,902. The stock’s 50 day moving average price is $121.97 and its 200-day moving average price is $117.51. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 3.12. GATX Co. has a 52 week low of $84.96 and a 52 week high of $133.01. The company has a market cap of $3.98 billion, a PE ratio of 18.68 and a beta of 1.04.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.12. The company had revenue of $343.20 million during the quarter, compared to the consensus estimate of $338.02 million. GATX had a net margin of 16.46% and a return on equity of 11.48%. GATX’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Equities research analysts predict that GATX Co. will post 6.94 EPS for the current year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, September 14th. GATX’s dividend payout ratio (DPR) is presently 36.24%.

GATX Company 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.