Earnest Partners LLC increased its position in GATX Co. (NYSE:GATX - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,113,589 shares of the transportation company's stock after acquiring an additional 35,890 shares during the period. GATX comprises about 2.2% of Earnest Partners LLC's investment portfolio, making the stock its 4th biggest holding. Earnest Partners LLC owned 8.77% of GATX worth $482,482,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in GATX by 19.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company's stock worth $12,299,000 after purchasing an additional 15,092 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of GATX by 44.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company's stock worth $6,085,000 after buying an additional 12,342 shares during the period. Bradley Foster & Sargent Inc. CT purchased a new position in shares of GATX during the 4th quarter valued at about $252,000. Charles Schwab Investment Management Inc. increased its holdings in GATX by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company's stock worth $74,104,000 after acquiring an additional 3,485 shares in the last quarter. Finally, Legato Capital Management LLC bought a new stake in GATX during the 4th quarter worth approximately $595,000. Hedge funds and other institutional investors own 93.14% of the company's stock.
GATX Price Performance
NYSE GATX traded down $0.96 on Thursday, reaching $145.00. The company had a trading volume of 216,581 shares, compared to its average volume of 164,688. The firm's 50 day moving average price is $152.40 and its 200 day moving average price is $154.30. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.89. The stock has a market capitalization of $5.18 billion, a PE ratio of 18.66 and a beta of 1.00. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37.
GATX (NYSE:GATX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.06. The company had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. GATX had a return on equity of 12.07% and a net margin of 17.92%. 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 business earned $2.01 earnings per share. As a group, equities analysts predict that GATX Co. will post 8.5 earnings per share for the current year.
GATX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.44 annualized dividend and a yield of 1.68%. GATX's dividend payout ratio (DPR) is currently 30.93%.
Insiders Place Their Bets
In other GATX news, SVP Jeffery R. Young sold 297 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction of $48,895.11. Following the sale, the senior vice president now directly owns 7,362 shares of the company's stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert Zmudka sold 4,800 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total value of $786,384.00. Following the sale, the vice president now owns 7,493 shares in the company, valued at approximately $1,227,578.19. This trade represents a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.17% of the company's stock.
Wall Street Analyst Weigh In
GATX has been the topic of several recent analyst reports. Susquehanna decreased their price objective on shares of GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a report on Wednesday, April 23rd.
Read Our Latest Report on GATX
GATX Profile
(
Free Report)
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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