Millennium Management LLC Acquires 27,140 Shares of GATX Co. (NYSE:GATX)

Millennium Management LLC lifted its stake in GATX Co. (NYSE:GATX - Free Report) by 263.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,442 shares of the transportation company's stock after purchasing an additional 27,140 shares during the quarter. Millennium Management LLC owned 0.11% of GATX worth $5,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of GATX by 44.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company's stock worth $6,085,000 after buying an additional 12,342 shares during the period. Bradley Foster & Sargent Inc. CT acquired a new position in GATX in the 4th quarter worth approximately $252,000. Charles Schwab Investment Management Inc. grew its position in GATX by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company's stock worth $74,104,000 after purchasing an additional 3,485 shares in the last quarter. Legato Capital Management LLC purchased a new position in GATX during the 4th quarter worth approximately $595,000. Finally, Venturi Wealth Management LLC acquired a new stake in GATX during the 4th quarter valued at $241,000. Institutional investors and hedge funds own 93.14% of the company's stock.

GATX Stock Up 9.1%

Shares of GATX stock traded up $13.32 on Friday, hitting $159.79. 658,653 shares of the company traded hands, compared to its average volume of 168,547. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. GATX Co. has a 12-month low of $127.00 and a 12-month high of $168.89. The company has a 50-day moving average price of $148.01 and a 200 day moving average price of $155.27. The company has a market cap of $5.70 billion, a PE ratio of 20.57 and a beta of 1.18.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.06. GATX had a return on equity of 12.07% and a net margin of 17.92%. The business had revenue of $421.60 million during the quarter, compared to analyst estimates of $417.06 million. During the same period in the previous year, the company earned $2.01 EPS. The firm's revenue was up 11.0% on a year-over-year basis. Sell-side analysts predict that GATX Co. will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, June 13th. GATX's payout ratio is 30.93%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. 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 note on Wednesday, April 23rd.

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.