GATX Corporation (NYSE:GATX) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd boosted its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 108.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,601 shares of the transportation company's stock after buying an additional 2,911 shares during the quarter. XTX Topco Ltd's holdings in GATX were worth $870,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of GATX in the first quarter worth about $30,000. TCTC Holdings LLC boosted its stake in shares of GATX by 117.0% in the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock worth $38,000 after acquiring an additional 131 shares during the period. Orion Capital Management LLC bought a new position in shares of GATX during the 4th quarter valued at approximately $39,000. UMB Bank n.a. grew its stake in shares of GATX by 101.2% during the first 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 during the last quarter. Finally, Huntington National Bank boosted its position in GATX by 54.3% in the 4th quarter. Huntington National Bank now owns 344 shares of the transportation company's stock valued at $53,000 after buying an additional 121 shares during the period. Institutional investors own 93.14% of the company's stock.

GATX Trading Down 0.3%

Shares of GATX stock traded down $0.44 on Thursday, hitting $151.57. The stock had a trading volume of 39,914 shares, compared to its average volume of 175,709. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 3.27. GATX Corporation has a one year low of $127.69 and a one year high of $168.89. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 17.35 and a beta of 1.18. The stock's 50-day simple moving average is $154.99 and its two-hundred day simple moving average is $154.56.

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

GATX Announces Dividend

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

Insider Transactions at GATX

In other GATX news, EVP Paul F. Titterton sold 18,700 shares of GATX stock in a transaction that occurred 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 sale, the executive vice president directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total transaction of $278,856.00. Following the completion of the transaction, the vice president directly owned 3,468 shares of the company's stock, valued at approximately $537,262.56. The trade was a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,700 shares of company stock valued at $3,544,096. Corporate insiders own 2.17% of the company's stock.

Analysts Set New Price Targets

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