Mackenzie Financial Corp Has $747,000 Holdings in GATX Corporation (NYSE:GATX)

Mackenzie Financial Corp increased its position in shares of GATX Corporation (NYSE:GATX - Free Report) by 109.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,810 shares of the transportation company's stock after purchasing an additional 2,510 shares during the quarter. Mackenzie Financial Corp's holdings in GATX were worth $747,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GATX. Principal Financial Group Inc. raised its holdings in shares of GATX by 0.9% during the first quarter. Principal Financial Group Inc. now owns 82,389 shares of the transportation company's stock valued at $12,793,000 after buying an additional 767 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in GATX by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,356 shares of the transportation company's stock valued at $521,000 after acquiring an additional 126 shares during the period. Teacher Retirement System of Texas raised its stake in GATX by 29.4% during the 1st quarter. Teacher Retirement System of Texas now owns 8,796 shares of the transportation company's stock valued at $1,366,000 after acquiring an additional 1,997 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in GATX by 6.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,523 shares of the transportation company's stock worth $392,000 after acquiring an additional 146 shares during the period. Finally, GAMMA Investing LLC boosted its position in GATX by 337.8% during the 1st quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company's stock worth $356,000 after acquiring an additional 1,770 shares during the period. Institutional investors and hedge funds own 93.14% of the company's stock.

Insider Buying and Selling

In related 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 transaction, the executive vice president owned 10,468 shares in the company, valued at approximately $1,639,916.88. This represents a 64.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total transaction of $278,856.00. Following the transaction, the vice president directly owned 3,468 shares in the company, 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. Over the last three months, insiders sold 22,700 shares of company stock worth $3,544,096. 2.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GATX has been the topic of several research analyst reports. Susquehanna lowered their target price on shares of 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 reissued a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

GATX Trading Down 0.0%

Shares of GATX stock traded down $0.01 on Friday, reaching $151.23. 82,515 shares of the company were exchanged, compared to its average volume of 175,609. 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 Corporation has a fifty-two week low of $127.69 and a fifty-two week high of $168.89. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 17.30 and a beta of 1.18. The stock has a fifty day moving average price of $155.09 and a 200-day moving average price of $154.54.

GATX (NYSE:GATX - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (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 company had revenue of $430.50 million for the quarter, compared to the consensus estimate of $425.52 million. On average, analysts expect that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

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

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.