Legato Capital Management LLC Has $1.02 Million Stock Holdings in GATX Corporation (NYSE:GATX)

Legato Capital Management LLC lifted its stake in GATX Corporation (NYSE:GATX - Free Report) by 71.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,566 shares of the transportation company's stock after purchasing an additional 2,727 shares during the quarter. Legato Capital Management LLC's holdings in GATX were worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in GATX in the fourth quarter worth approximately $55,496,000. GAMMA Investing LLC lifted its position in GATX by 67,875.0% in the first quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock worth $55,305,000 after purchasing an additional 355,665 shares during the period. Ensign Peak Advisors Inc lifted its position in GATX by 2,826.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock worth $54,432,000 after purchasing an additional 339,262 shares during the period. Ameriprise Financial Inc. lifted its position in GATX by 103.4% in the fourth quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock worth $56,479,000 after purchasing an additional 185,321 shares during the period. Finally, Northern Trust Corp lifted its position in GATX by 12.4% in the fourth quarter. Northern Trust Corp now owns 700,603 shares of the transportation company's stock worth $108,565,000 after purchasing an additional 77,437 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at GATX

In other news, EVP Paul F. Titterton sold 18,700 shares of the 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 owned 10,468 shares of the company's stock, valued at approximately $1,639,916.88. This represents a 64.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jennifer Mcmanus sold 1,800 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $537,262.56. The trade was a 34.17% decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.

GATX Stock Up 0.8%

Shares of NYSE GATX traded up $1.21 during mid-day trading on Friday, reaching $153.49. 130,735 shares of the company's stock were exchanged, compared to its average volume of 174,505. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 19.45 and a beta of 1.16. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 3.43. The business has a fifty day simple moving average of $154.02 and a 200 day simple moving average of $154.57. GATX Corporation has a twelve month low of $127.69 and a twelve month high of $168.89.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.06. GATX had a return on equity of 12.00% and a net margin of 17.73%. The company had revenue of $421.60 million for the quarter, compared to analyst estimates of $417.06 million. During the same quarter last year, the firm posted $2.01 earnings per share. GATX's revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The company also recently announced 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. This represents a $2.44 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Monday, September 15th. GATX's dividend payout ratio is presently 30.93%.

GATX 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.