Northern Trust Corp Purchases 77,437 Shares of GATX Co. (NYSE:GATX)

Northern Trust Corp raised its holdings in GATX Co. (NYSE:GATX - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 700,603 shares of the transportation company's stock after acquiring an additional 77,437 shares during the quarter. Northern Trust Corp owned approximately 1.97% of GATX worth $108,565,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GATX. JPMorgan Chase & Co. increased its stake in shares of GATX by 19.4% in the third quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company's stock valued at $12,299,000 after buying an additional 15,092 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in GATX by 44.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company's stock worth $6,085,000 after purchasing an additional 12,342 shares in the last quarter. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of GATX during the 4th quarter worth approximately $252,000. Charles Schwab Investment Management Inc. increased its stake in shares of GATX by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company's stock valued at $74,104,000 after acquiring an additional 3,485 shares in the last quarter. Finally, Legato Capital Management LLC bought a new position in GATX during the fourth quarter worth $595,000. Institutional investors own 93.14% of the company's stock.

GATX Stock Down 0.7 %

Shares of NYSE GATX traded down $0.96 during mid-day trading on Friday, reaching $144.61. 41,081 shares of the company's stock traded hands, compared to its average volume of 164,211. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. GATX Co. has a 1-year low of $127.00 and a 1-year high of $168.89. The stock has a market cap of $5.16 billion, a P/E ratio of 18.61 and a beta of 1.18. The business has a 50-day simple moving average of $150.26 and a 200 day simple moving average of $154.81.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.06. GATX had a return on equity of 12.07% and a net margin of 17.92%. The firm had revenue of $421.60 million during the quarter, compared to analyst estimates of $417.06 million. During the same period in the previous year, the company posted $2.01 EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.44 annualized dividend and a yield of 1.69%. GATX's payout ratio is currently 30.93%.

Wall Street Analyst Weigh In

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

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.