GAMMA Investing LLC Has $356,000 Holdings in GATX Corporation (NYSE:GATX)

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

Several other large investors also recently modified their holdings of GATX. Assetmark Inc. boosted its holdings 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. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of GATX during the 1st quarter valued at $30,000. Brown Brothers Harriman & Co. bought a new stake in shares of GATX during the 4th quarter valued at $39,000. Orion Capital Management LLC bought a new stake in shares of GATX during the 4th quarter valued at $39,000. Finally, UMB Bank n.a. raised its position in shares of GATX by 101.2% during the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock valued at $51,000 after acquiring an additional 165 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

GATX Stock Up 0.6%

GATX stock traded up $0.93 during trading hours on Friday, reaching $159.50. 82,633 shares of the stock were exchanged, compared to its average volume of 171,348. The firm's 50-day moving average is $151.43 and its 200-day moving average is $154.49. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 20.22 and a beta of 1.16. 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 Corporation has a 12 month low of $127.70 and a 12 month high of $168.89.

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

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, June 13th. GATX's payout ratio is 30.93%.

Analyst Ratings Changes

Several brokerages recently commented on GATX. Susquehanna dropped their price objective on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

Insider Activity

In related news, VP Jennifer Mcmanus sold 1,800 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $154.92, for a total value of $278,856.00. Following the completion of the sale, the vice president directly owned 3,468 shares in the company, valued at approximately $537,262.56. This trade represents a 34.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Paul F. Titterton sold 18,700 shares of the firm'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 owned 10,468 shares of the company's stock, valued at $1,639,916.88. This trade represents 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 company insiders.

About GATX

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.