Crestline Management LP Takes Position in GATX Co. (NYSE:GATX)

Crestline Management LP purchased a new stake in shares of GATX Co. (NYSE:GATX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,818 shares of the transportation company's stock, valued at approximately $282,000.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of GATX by 91.8% in the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock worth $25,000 after acquiring an additional 78 shares in the last quarter. Assetmark Inc. increased its stake in shares of GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of GATX in the 4th quarter worth about $39,000. Compagnie Lombard Odier SCmA bought a new position in shares of GATX in the 4th quarter worth about $46,000. Finally, Huntington National Bank increased its stake in shares of GATX by 54.3% in the 4th quarter. Huntington National Bank now owns 344 shares of the transportation company's stock worth $53,000 after acquiring an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.

GATX Stock Up 0.4%

NYSE:GATX traded up $0.54 on Friday, reaching $150.57. 228,468 shares of the stock traded hands, compared to its average volume of 165,829. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 19.38 and a beta of 1.18. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. GATX Co. has a 12 month low of $127.00 and a 12 month high of $168.89. The company's fifty day simple moving average is $149.44 and its 200 day simple moving average is $155.33.

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

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 1.62%. GATX's dividend payout ratio is currently 30.93%.

Analyst Ratings Changes

Several brokerages recently issued reports on GATX. The Goldman Sachs Group reiterated a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd. Susquehanna decreased their price target on shares of GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th.

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.