Balyasny Asset Management L.P. Makes New $713,000 Investment in GATX Co. (NYSE:GATX)

Balyasny Asset Management L.P. bought a new position in shares of GATX Co. (NYSE:GATX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 4,600 shares of the transportation company's stock, valued at approximately $713,000.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in GATX by 91.8% during the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock worth $25,000 after buying an additional 78 shares during the period. Assetmark Inc. raised its holdings in shares of GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of GATX in the fourth quarter valued at approximately $39,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of GATX in the fourth quarter valued at approximately $46,000. Finally, Huntington National Bank raised its holdings in shares of GATX by 54.3% in the fourth quarter. Huntington National Bank now owns 344 shares of the transportation company's stock valued at $53,000 after purchasing an additional 121 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Stock Up 0.4%

GATX traded up $0.54 during trading on Friday, reaching $150.57. 228,468 shares of the stock were exchanged, compared to its average volume of 165,829. The stock has a market cap of $5.38 billion, a P/E ratio of 19.38 and a beta of 1.18. GATX Co. has a twelve month low of $127.00 and a twelve month high of $168.89. The stock's 50 day moving average price is $149.44 and its two-hundred day moving average price is $155.33. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77.

GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.06. The business had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. GATX had a net margin of 17.92% and a return on equity of 12.07%. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.01 earnings per share. Equities 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. Investors of record on Friday, June 13th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 1.62%. GATX's payout ratio is 30.93%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GATX. Susquehanna lowered their price objective on shares of 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 reiterated a "buy" rating on shares of GATX in a report on Wednesday, April 23rd.

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.