Natixis Advisors LLC Increases Position in GATX Corporation (NYSE:GATX)

Key Points

• Natixis Advisors LLC increased its holdings in GATX Corporation by 10.2% in the first quarter, now owning approximately 198,255 shares valued at $30.8 million.
• GATX's shares have dipped 2.4%, trading at $149.09, with a current market cap of $5.32 billion and a price-to-earnings ratio of 17.06.
• The company has announced a quarterly dividend of $0.61 per share, representing a 1.6% dividend yield, with the payment set for September 30th.

Natixis Advisors LLC increased its holdings in shares of GATX Corporation (NYSE:GATX - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198,255 shares of the transportation company's stock after buying an additional 18,363 shares during the period. Natixis Advisors LLC owned about 0.56% of GATX worth $30,784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of GATX in the 1st quarter valued at $30,000. TCTC Holdings LLC boosted its holdings in shares of GATX by 117.0% in the 1st quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock valued at $38,000 after buying an additional 131 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of GATX in the 4th quarter valued at $39,000. Orion Capital Management LLC acquired a new position in shares of GATX in the 4th quarter valued at $39,000. Finally, UMB Bank n.a. boosted its holdings 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 valued at $51,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

GATX Stock Performance

GATX stock traded down $0.85 on Monday, hitting $148.38. The company's stock had a trading volume of 15,855 shares, compared to its average volume of 176,282. The firm has a 50 day moving average of $154.68 and a two-hundred day moving average of $154.64. GATX Corporation has a 1 year low of $127.69 and a 1 year high of $168.89. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 17.00 and a beta of 1.18. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.95 by $0.11. GATX had a net margin of 19.13% and a return on equity of 12.52%. The firm had revenue of $430.50 million during the quarter, compared to the consensus estimate of $425.52 million. Equities analysts predict that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.61 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.44 annualized dividend and a yield of 1.6%. GATX's dividend payout ratio is 27.92%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GATX. Susquehanna lowered their target price on shares of GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group restated a "buy" rating on shares of GATX in a report on Wednesday, April 23rd.

Insider Activity at GATX

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total transaction of $335,698.00. Following the completion of the transaction, the senior vice president owned 7,606 shares in the company, valued at approximately $1,160,599.54. This represents a 22.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul F. Titterton sold 18,700 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the transaction, the executive vice president owned 10,468 shares of the company's stock, valued at approximately $1,639,916.88. The trade was a 64.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $3,544,096 in the last 90 days. 2.17% of the stock is owned by insiders.

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.