Hsbc Holdings PLC Boosts Stake in GATX Co. (NYSE:GATX)

Hsbc Holdings PLC lifted its stake in shares of GATX Co. (NYSE:GATX - Free Report) by 411.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,676 shares of the transportation company's stock after acquiring an additional 11,804 shares during the period. Hsbc Holdings PLC's holdings in GATX were worth $2,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC acquired a new stake in GATX in the 3rd quarter valued at $747,000. Tidal Investments LLC grew its holdings in shares of GATX by 27.9% during the third quarter. Tidal Investments LLC now owns 5,234 shares of the transportation company's stock valued at $693,000 after buying an additional 1,142 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of GATX by 5.9% during the third quarter. Franklin Resources Inc. now owns 2,846 shares of the transportation company's stock valued at $385,000 after buying an additional 158 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of GATX by 19.4% during the third quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company's stock worth $12,299,000 after acquiring an additional 15,092 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of GATX by 184.6% in the 4th quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock worth $40,000 after acquiring an additional 168 shares during the last quarter. 93.14% of the stock is owned by institutional investors.

Insider Activity at GATX

In other GATX news, VP Robert Zmudka sold 4,800 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value of $786,384.00. Following the completion of the transaction, the vice president now owns 7,493 shares in the company, valued at $1,227,578.19. This trade represents a 39.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffery R. Young sold 297 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total value of $48,895.11. Following the sale, the senior vice president now owns 7,362 shares in the company, valued at approximately $1,212,006.06. This represents a 3.88 % 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 Stock Up 2.8 %

NYSE:GATX traded up $4.13 on Friday, hitting $149.16. The stock had a trading volume of 118,460 shares, compared to its average volume of 164,711. GATX Co. has a 1 year low of $127.00 and a 1 year high of $168.89. The firm's fifty day simple moving average is $151.78 and its two-hundred day simple moving average is $154.60. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The stock has a market cap of $5.33 billion, a P/E ratio of 19.20 and a beta of 1.00.

GATX (NYSE:GATX - Get Free Report) last announced its 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. The firm had revenue of $421.60 million during the quarter, compared to analyst estimates of $417.06 million. GATX had a return on equity of 12.07% and a net margin of 17.92%. The business's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $2.01 EPS. Analysts predict 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. Shareholders of record on Friday, June 13th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, June 13th. GATX's dividend payout ratio is currently 30.93%.

Analyst Ratings Changes

A number of analysts have commented on the company. Susquehanna decreased their price objective on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group reiterated a "buy" rating on shares of GATX in a report 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.