GAMMA Investing LLC Has $55.31 Million Position in GATX Co. (NYSE:GATX)

GAMMA Investing LLC increased its holdings in shares of GATX Co. (NYSE:GATX - Free Report) by 67,875.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,189 shares of the transportation company's stock after purchasing an additional 355,665 shares during the period. GAMMA Investing LLC owned approximately 1.00% of GATX worth $55,305,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of GATX by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock valued at $612,075,000 after purchasing an additional 17,885 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of GATX by 1.2% during the 4th quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company's stock valued at $482,482,000 after purchasing an additional 35,890 shares in the last quarter. American Century Companies Inc. lifted its stake in GATX by 12.1% in the 4th quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock valued at $170,370,000 after acquiring an additional 118,306 shares in the last quarter. Wellington Management Group LLP lifted its stake in GATX by 1.7% in the 4th quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company's stock valued at $158,329,000 after acquiring an additional 17,273 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in GATX by 6.6% in the 4th quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock valued at $139,881,000 after acquiring an additional 56,041 shares in the last quarter. Institutional investors own 93.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. 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. The Goldman Sachs Group restated a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

GATX Stock Down 1.0%

Shares of NYSE:GATX traded down $1.55 during trading on Wednesday, hitting $155.43. 224,354 shares of the company were exchanged, compared to its average volume of 168,166. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 20.00 and a beta of 1.18. GATX Co. has a fifty-two week low of $127.00 and a fifty-two week high of $168.89. The firm has a fifty day moving average price of $147.93 and a two-hundred day moving average price of $155.40. 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 (NYSE:GATX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.06. The firm had revenue of $421.60 million for the quarter, compared to analyst estimates of $417.06 million. GATX had a return on equity of 12.07% and a net margin of 17.92%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.01 EPS. As a group, research analysts anticipate that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The business also recently declared 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. This represents a $2.44 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, June 13th. GATX's dividend payout ratio (DPR) is 30.93%.

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.