Occudo Quantitative Strategies LP Acquires New Holdings in GATX Co. (NYSE:GATX)

Occudo Quantitative Strategies LP purchased a new position in shares of GATX Co. (NYSE:GATX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,219 shares of the transportation company's stock, valued at approximately $344,000.

Several other large investors have also made changes to their positions in GATX. Vanguard Group Inc. lifted its stake in GATX by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock valued at $612,075,000 after purchasing an additional 17,885 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of GATX by 1.2% during the 4th quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company's stock valued at $482,482,000 after acquiring an additional 35,890 shares in the last quarter. American Century Companies Inc. grew its position in GATX by 12.1% during the 4th quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock worth $170,370,000 after acquiring an additional 118,306 shares during the last quarter. Wellington Management Group LLP increased its holdings in GATX by 1.7% in the 4th quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company's stock worth $158,329,000 after purchasing an additional 17,273 shares in the last quarter. Finally, Sei Investments Co. raised its position in GATX by 6.6% in the fourth quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock valued at $139,881,000 after purchasing an additional 56,041 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

Wall Street Analyst Weigh In

GATX has been the topic of several research reports. Susquehanna reduced their price target on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group restated a "buy" rating on shares of GATX in a research report on Wednesday, April 23rd.

GATX Trading Down 1.3%

Shares of NYSE GATX traded down $1.91 during midday trading on Wednesday, reaching $146.58. The stock had a trading volume of 21,019 shares, compared to its average volume of 164,978. GATX Co. has a twelve month low of $127.00 and a twelve month high of $168.89. The company's 50 day moving average price is $149.37 and its 200 day moving average price is $155.49. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 18.86 and a beta of 1.18.

GATX (NYSE:GATX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The firm had revenue of $421.60 million during the quarter, compared to analyst estimates of $417.06 million. During the same quarter last year, the business posted $2.01 EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that GATX Co. will post 8.5 EPS for the current year.

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.61 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 1.66%. GATX's payout ratio is presently 30.93%.

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.