Mackenzie Financial Corp Acquires 2,510 Shares of GATX Corporation (NYSE:GATX)

Mackenzie Financial Corp boosted its holdings in GATX Corporation (NYSE:GATX - Free Report) by 109.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in GATX during the first quarter worth about $30,000. Orion Capital Management LLC acquired a new stake in GATX during the fourth quarter worth about $39,000. UMB Bank n.a. increased its stake in GATX by 101.2% during the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after acquiring an additional 165 shares during the last quarter. CWM LLC increased its stake in GATX by 12.7% during the first quarter. CWM LLC now owns 621 shares of the transportation company's stock worth $96,000 after acquiring an additional 70 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in GATX by 826.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,140 shares of the transportation company's stock worth $177,000 after acquiring an additional 1,017 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Stock Performance

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 177,753. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. The company's 50-day moving average is $154.92 and its two-hundred day moving average is $154.51. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 17.30 and a beta of 1.18. GATX Corporation has a 1-year low of $127.69 and a 1-year high of $168.89.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.11. GATX had a return on equity of 12.52% and a net margin of 19.13%. The business had revenue of $430.50 million for the quarter, compared to analysts' expectations of $425.52 million. As a group, research analysts expect that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

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

Insider Activity

In other news, EVP Paul F. Titterton sold 18,700 shares of the firm'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 completion of the sale, the executive vice president directly owned 10,468 shares of the company's stock, valued at $1,639,916.88. This trade represents a 64.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the sale, the vice president directly owned 3,468 shares of the company's stock, valued at approximately $537,262.56. This represents a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have 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

Several equities research analysts have recently weighed in on GATX shares. Susquehanna decreased their target price on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a research report on Wednesday, April 23rd.

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.