MetLife Investment Management LLC Buys 2,849 Shares of GATX Co. (NYSE:GATX)

MetLife Investment Management LLC lifted its position in GATX Co. (NYSE:GATX - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,906 shares of the transportation company's stock after buying an additional 2,849 shares during the quarter. MetLife Investment Management LLC owned about 0.12% of GATX worth $6,339,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GATX. Assetmark Inc. grew its position in GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Savant Capital LLC lifted its stake in shares of GATX by 4.6% in the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company's stock valued at $245,000 after purchasing an additional 69 shares during the last quarter. Principal Securities Inc. boosted its holdings in GATX by 9.0% in the fourth quarter. Principal Securities Inc. now owns 919 shares of the transportation company's stock worth $142,000 after purchasing an additional 76 shares in the last quarter. Arizona State Retirement System increased its position in GATX by 0.8% during the fourth quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company's stock worth $1,521,000 after buying an additional 77 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in GATX by 91.8% during the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock valued at $25,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on GATX. Susquehanna cut their price objective on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Thursday. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a research report on Wednesday.

GATX Stock Performance

Shares of GATX stock traded down $1.10 during trading on Monday, reaching $143.87. The company's stock had a trading volume of 29,972 shares, compared to its average volume of 163,722. GATX Co. has a one year low of $122.00 and a one year high of $168.89. 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 firm has a market cap of $5.13 billion, a price-to-earnings ratio of 18.52 and a beta of 1.00. The business's fifty day moving average price is $153.53 and its 200-day moving average price is $154.35.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.09 by $0.06. GATX had a return on equity of 12.07% and a net margin of 17.92%. The company had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. During the same period in the previous year, the business posted $2.01 EPS. As a group, equities research analysts predict that GATX Co. will post 8.5 earnings per share for the current year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.70%. GATX's dividend payout ratio (DPR) is presently 30.93%.

Insiders Place Their Bets

In other GATX news, SVP Jeffery R. Young sold 297 shares of the business's stock in a transaction on 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 of the company's stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $786,384.00. Following the transaction, the vice president now directly owns 7,493 shares of the company's stock, valued at $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.17% of the company's stock.

GATX Company 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.