14,486 Shares in GATX Corporation (NYSE:GATX) Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new position in shares of GATX Corporation (NYSE:GATX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,486 shares of the transportation company's stock, valued at approximately $2,249,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GATX. Vanguard Group Inc. lifted its position in GATX by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock valued at $612,075,000 after acquiring an additional 17,885 shares in the last quarter. Earnest Partners LLC grew its stake 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 buying an additional 35,890 shares during the last quarter. American Century Companies Inc. grew its stake in GATX by 12.1% in the 4th quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock valued at $170,370,000 after buying an additional 118,306 shares during the last quarter. Wellington Management Group LLP grew its stake in GATX by 1.7% in the 4th quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company's stock valued at $158,329,000 after buying an additional 17,273 shares during the last quarter. Finally, Sei Investments Co. grew its stake in GATX by 6.6% in the 4th 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 during the last quarter. 93.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Susquehanna decreased their target price on shares of GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report 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 Buying and Selling at GATX

In other news, VP Jennifer Mcmanus sold 1,800 shares of the firm's stock in a transaction 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 completion of the transaction, the vice president owned 3,468 shares of the company's stock, valued at approximately $537,262.56. This trade represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul F. Titterton sold 18,700 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the transaction, the executive vice president directly owned 10,468 shares of the company's stock, valued at $1,639,916.88. The trade was a 64.11% decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by company insiders.

GATX Price Performance

Shares of NYSE GATX traded down $1.09 during trading hours on Friday, hitting $154.91. 38,437 shares of the stock were exchanged, compared to its average volume of 169,065. The company has a debt-to-equity ratio of 3.43, a quick ratio of 4.14 and a current ratio of 4.14. The company has a market cap of $5.53 billion, a PE ratio of 19.62 and a beta of 1.16. The company's fifty day simple moving average is $153.52 and its two-hundred day simple moving average is $154.58. GATX Corporation has a 1-year low of $127.70 and a 1-year high of $168.89.

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

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Friday, June 13th. GATX's payout ratio is 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.