Nicholas Investment Partners LP Invests $5.14 Million in GATX Co. (NYSE:GATX)

Nicholas Investment Partners LP purchased a new stake in shares of GATX Co. (NYSE:GATX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 33,136 shares of the transportation company's stock, valued at approximately $5,135,000. Nicholas Investment Partners LP owned 0.09% of GATX as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in GATX by 0.5% during the fourth 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 during the period. Earnest Partners LLC raised its holdings in GATX by 1.2% during the fourth quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company's stock valued at $482,482,000 after acquiring an additional 35,890 shares during the period. American Century Companies Inc. increased its holdings in shares of GATX by 12.1% in the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock worth $170,370,000 after purchasing an additional 118,306 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of GATX by 1.7% in the fourth quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company's stock worth $158,329,000 after purchasing an additional 17,273 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of GATX by 6.6% in the fourth quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock worth $139,881,000 after purchasing an additional 56,041 shares during the last quarter. 93.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GATX shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a report on Wednesday, April 23rd. Susquehanna reduced their target price on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th.

GATX Trading Down 0.3%

GATX traded down $0.50 on Monday, hitting $149.91. The company had a trading volume of 30,223 shares, compared to its average volume of 165,302. GATX Co. has a 12-month low of $127.00 and a 12-month high of $168.89. The business's fifty day simple moving average is $149.44 and its 200 day simple moving average is $155.46. The company has a market cap of $5.35 billion, a PE ratio of 19.29 and a beta of 1.18. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. GATX's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.01 earnings per share. Equities research analysts expect that GATX Co. will post 8.5 EPS for the current year.

GATX Announces Dividend

The firm also recently disclosed 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. This represents a $2.44 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, June 13th. GATX's dividend payout ratio (DPR) is 30.93%.

About GATX

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.