GATX Corporation (NYSE:GATX) Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of GATX Corporation (NYSE:GATX - Free Report) by 337.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,294 shares of the transportation company's stock after purchasing an additional 1,770 shares during the quarter. GAMMA Investing LLC's holdings in GATX were worth $356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. raised its stake in GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after buying an additional 67 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of GATX during the 1st quarter valued at approximately $30,000. Brown Brothers Harriman & Co. acquired a new position in GATX in the fourth quarter worth $39,000. Orion Capital Management LLC acquired a new stake in shares of GATX during the fourth quarter worth $39,000. Finally, UMB Bank n.a. lifted its position in shares of GATX by 101.2% in the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after buying an additional 165 shares during the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at GATX

In other news, VP Jennifer Mcmanus sold 1,800 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the sale, the vice president owned 3,468 shares of the company's stock, valued at approximately $537,262.56. The trade was a 34.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul F. Titterton sold 18,700 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the completion of the sale, the executive vice president directly owned 10,468 shares of the company's stock, valued at $1,639,916.88. The trade was a 64.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.

Analysts Set New Price Targets

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

GATX Stock Performance

Shares of NYSE GATX traded up $2.40 during midday trading on Wednesday, hitting $158.55. 154,578 shares of the company's stock were exchanged, compared to its average volume of 170,750. GATX Corporation has a twelve month low of $127.70 and a twelve month high of $168.89. The firm has a market cap of $5.66 billion, a P/E ratio of 20.10 and a beta of 1.16. The stock's 50 day moving average price is $150.50 and its 200-day moving average price is $154.50. The company has a debt-to-equity ratio of 3.43, a current ratio of 4.14 and a quick ratio of 4.14.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.06. The company had revenue of $421.60 million for the quarter, compared to analyst estimates of $417.06 million. GATX had a return on equity of 12.00% and a net margin of 17.73%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $2.01 earnings per share. Equities research analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.61 per share. The ex-dividend date was Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.54%. GATX's dividend payout ratio is presently 30.93%.

GATX 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.