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Triasima Portfolio Management inc. Acquires New Shares in GATX Corporation (NYSE:GATX)

GATX logo with Transportation background

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of GATX during the fourth quarter valued at approximately $4,562,000. Raymond James Financial Inc. bought a new stake in GATX in the fourth quarter worth $5,391,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in GATX by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,709 shares of the transportation company's stock worth $1,195,000 after buying an additional 365 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in GATX in the fourth quarter worth $816,000. Finally, Swiss National Bank lifted its position in GATX by 0.8% in the fourth quarter. Swiss National Bank now owns 66,500 shares of the transportation company's stock worth $10,305,000 after buying an additional 500 shares during the last quarter. Institutional investors own 93.14% of the company's stock.

GATX Trading Down 1.3%

Shares of NYSE:GATX traded down $2.00 on Friday, hitting $154.00. 143,766 shares of the company's stock were exchanged, compared to its average volume of 169,217. GATX Corporation has a 12 month low of $127.70 and a 12 month high of $168.89. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 19.23 and a beta of 1.16. The business's 50 day simple moving average is $153.68 and its two-hundred day simple moving average is $154.57. The company has a debt-to-equity ratio of 3.43, a current ratio of 4.14 and a quick ratio of 4.14.

GATX (NYSE:GATX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.06. GATX had a return on equity of 12.00% and a net margin of 17.73%. The business had revenue of $421.60 million during the quarter, compared to the consensus estimate of $417.06 million. During the same period last year, the company earned $2.01 earnings per share. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. Analysts anticipate that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.61 per share. The ex-dividend date was Friday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 1.58%. GATX's dividend payout ratio (DPR) is 30.93%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Susquehanna lowered their price target 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 restated a "buy" rating on shares of GATX in a research report on Wednesday, April 23rd.

Read Our Latest Report on GATX

Insider Buying and Selling at GATX

In related news, EVP Paul F. Titterton sold 18,700 shares of GATX stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 10,468 shares in the company, valued at $1,639,916.88. The trade was a 64.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jennifer Mcmanus sold 1,800 shares of GATX stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $154.92, for a total value of $278,856.00. Following the completion of the sale, the vice president owned 3,468 shares of the company's stock, valued at $537,262.56. The trade was a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by company insiders.

GATX Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for GATX (NYSE:GATX)

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