2,219 Shares in GATX Co. (NYSE:GATX) Purchased by Occudo Quantitative Strategies LP

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GATX. OMERS ADMINISTRATION Corp purchased a new stake in GATX in the 4th quarter valued at about $465,000. Millennium Management LLC grew its holdings in GATX by 263.4% in the 4th quarter. Millennium Management LLC now owns 37,442 shares of the transportation company's stock valued at $5,802,000 after buying an additional 27,140 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in GATX by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,317 shares of the transportation company's stock valued at $3,148,000 after buying an additional 796 shares during the period. Lazard Asset Management LLC grew its holdings in GATX by 39.5% in the 4th quarter. Lazard Asset Management LLC now owns 4,524 shares of the transportation company's stock valued at $701,000 after buying an additional 1,282 shares during the period. Finally, Focus Partners Wealth purchased a new stake in GATX in the 4th quarter valued at about $246,000. Hedge funds and other institutional investors own 93.14% of the company's stock.

Wall Street Analysts Forecast Growth

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

GATX Stock Performance

GATX stock opened at $149.86 on Friday. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. The firm has a market cap of $5.35 billion, a P/E ratio of 19.29 and a beta of 1.18. GATX Co. has a 12-month low of $127.00 and a 12-month high of $168.89. The stock's 50 day simple moving average is $149.49 and its 200 day simple moving average is $155.15.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.06. GATX had a return on equity of 12.07% and a net margin of 17.92%. The company had revenue of $421.60 million during the quarter, compared to analysts' expectations of $417.06 million. During the same quarter in the prior year, the business posted $2.01 earnings per share. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that GATX Co. will post 8.5 EPS for the current year.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.61 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.63%. GATX's dividend payout ratio (DPR) is 30.93%.

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.

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