Voloridge Investment Management LLC increased its stake in shares of GATX Co. (NYSE:GATX - Free Report) by 77.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,837 shares of the transportation company's stock after purchasing an additional 27,342 shares during the period. Voloridge Investment Management LLC owned 0.18% of GATX worth $9,737,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of GATX in the 4th quarter valued at approximately $55,496,000. Ensign Peak Advisors Inc lifted its position in shares of GATX by 2,826.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock worth $54,432,000 after purchasing an additional 339,262 shares during the last quarter. Ameriprise Financial Inc. increased its stake in GATX by 103.4% in the fourth quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock valued at $56,479,000 after purchasing an additional 185,321 shares during the period. American Century Companies Inc. increased its stake in GATX by 12.1% in the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock valued at $170,370,000 after purchasing an additional 118,306 shares during the period. Finally, Northern Trust Corp boosted its holdings in GATX by 12.4% during the fourth quarter. Northern Trust Corp now owns 700,603 shares of the transportation company's stock worth $108,565,000 after buying an additional 77,437 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Susquehanna reduced their price objective on shares of GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.
Get Our Latest Research Report on GATX
GATX Stock Performance
GATX stock traded up $14.52 during midday trading on Friday, reaching $160.99. 225,402 shares of the stock traded hands, compared to its average volume of 166,926. The firm has a fifty day moving average price of $148.01 and a two-hundred day moving average price of $155.27. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 20.75 and a beta of 1.18. GATX Co. has a fifty-two week low of $127.00 and a fifty-two week high of $168.89. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37.
GATX (NYSE:GATX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.09 by $0.06. The business had revenue of $421.60 million during the quarter, compared to analyst estimates of $417.06 million. GATX had a net margin of 17.92% and a return on equity of 12.07%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.01 earnings per share. On average, equities research analysts forecast that GATX Co. will post 8.5 earnings per share for the current year.
GATX Announces Dividend
The company also recently announced 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 1.52%. GATX's payout ratio is presently 30.93%.
GATX Profile
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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.
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