GAMMA Investing LLC Purchases 355,665 Shares of GATX Co. (NYSE:GATX)

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

Several other hedge funds also recently bought and sold shares of GATX. Greenleaf Trust acquired a new position in shares of GATX during the 4th quarter valued at about $228,000. Longboard Asset Management LP acquired a new position in shares of GATX during the 4th quarter valued at about $212,000. Mather Group LLC. increased its holdings in shares of GATX by 36.0% during the 4th quarter. Mather Group LLC. now owns 423 shares of the transportation company's stock valued at $66,000 after acquiring an additional 112 shares during the last quarter. EULAV Asset Management increased its holdings in shares of GATX by 125.0% during the 4th quarter. EULAV Asset Management now owns 37,800 shares of the transportation company's stock valued at $5,857,000 after acquiring an additional 21,000 shares during the last quarter. Finally, Stephens Inc. AR acquired a new position in shares of GATX during the 4th quarter valued at about $228,000. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Stock Performance

NYSE:GATX traded up $1.61 during mid-day trading on Friday, hitting $157.02. 178,123 shares of the company's stock traded hands, compared to its average volume of 168,829. The firm has a 50 day moving average of $147.94 and a two-hundred day moving average of $155.45. GATX Co. has a 12 month low of $127.00 and a 12 month high of $168.89. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 20.21 and a beta of 1.19. 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 announced its earnings results 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. GATX had a return on equity of 12.07% and a net margin of 17.92%. The firm had revenue of $421.60 million during the quarter, compared to the consensus estimate of $417.06 million. During the same quarter in the prior year, the company earned $2.01 EPS. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities analysts forecast that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, June 13th. This represents a $2.44 annualized dividend and a yield of 1.55%. GATX's payout ratio is 30.93%.

Insider Activity at GATX

In other GATX news, EVP Paul F. Titterton sold 18,700 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total value of $2,929,542.00. Following the completion of the sale, the executive vice president now owns 10,468 shares in the company, valued at approximately $1,639,916.88. This trade represents a 64.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a report on Wednesday, April 23rd. Susquehanna lowered their price objective on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a report 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.