6,028 Shares in GATX Co. (NYSE:GATX) Purchased by Perennial Advisors LLC

Perennial Advisors LLC bought a new position in shares of GATX Co. (NYSE:GATX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,028 shares of the transportation company's stock, valued at approximately $936,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of GATX by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock worth $612,075,000 after buying an additional 17,885 shares in the last quarter. Earnest Partners LLC boosted its holdings in GATX by 1.2% in the 4th quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company's stock valued at $482,482,000 after purchasing an additional 35,890 shares during the period. American Century Companies Inc. grew its position in shares of GATX by 12.1% during the 4th quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock worth $170,370,000 after purchasing an additional 118,306 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of GATX by 1.7% during the fourth quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company's stock worth $158,329,000 after purchasing an additional 17,273 shares during the period. Finally, Sei Investments Co. raised its position in shares of GATX by 6.6% in the fourth quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock valued at $139,881,000 after buying an additional 56,041 shares in the last quarter. 93.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

GATX Trading Down 1.4%

Shares of GATX stock traded down $2.19 on Wednesday, hitting $155.84. 94,639 shares of the company's stock traded hands, compared to its average volume of 168,968. The company has a fifty day moving average of $148.11 and a two-hundred day moving average of $155.42. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 20.06 and a beta of 1.19. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. GATX Co. has a one year low of $127.00 and a one year high of $168.89.

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

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, June 13th. GATX's dividend payout ratio is presently 30.93%.

Insider Transactions at GATX

In other news, EVP Paul F. Titterton sold 18,700 shares of the company's stock in a transaction dated 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 now directly owns 10,468 shares in the company, valued at $1,639,916.88. This represents a 64.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.17% of the company's stock.

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.