Susquehanna Fundamental Investments LLC Buys New Shares in GATX Co. (NYSE:GATX)

Susquehanna Fundamental Investments LLC purchased a new stake in GATX Co. (NYSE:GATX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 24,004 shares of the transportation company's stock, valued at approximately $3,720,000. Susquehanna Fundamental Investments LLC owned approximately 0.07% of GATX as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GATX. UMB Bank n.a. increased its position in shares of 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 during the period. Assetmark Inc. grew its holdings in shares of GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after acquiring an additional 67 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of GATX in the 4th quarter worth approximately $39,000. Versant Capital Management Inc lifted its stake 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 valued at $40,000 after purchasing an additional 168 shares during the period. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of GATX during the fourth quarter valued at approximately $46,000. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Jeffery R. Young sold 297 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total transaction of $48,895.11. Following the transaction, the senior vice president now owns 7,362 shares in the company, valued at $1,212,006.06. This represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the completion of the sale, the vice president now directly owns 7,493 shares of the company's stock, valued at approximately $1,227,578.19. This trade represents a 39.05 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.17% of the company's stock.

Analysts Set New Price Targets

GATX has been the subject of several recent research reports. Susquehanna lowered their price objective on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a research report on Wednesday, April 23rd.

GATX Stock Down 0.7 %

Shares of NYSE GATX traded down $0.96 during trading on Thursday, reaching $145.00. The company had a trading volume of 216,581 shares, compared to its average volume of 164,677. GATX Co. has a 12-month low of $125.13 and a 12-month high of $168.89. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The business's 50-day moving average is $152.06 and its 200 day moving average is $154.37. The stock has a market cap of $5.18 billion, a PE ratio of 18.66 and a beta of 1.00.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. GATX had a net margin of 17.92% and a return on equity of 12.07%. GATX's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.01 EPS. As a group, equities analysts forecast that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid 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 1.68%. GATX's dividend payout ratio is 30.93%.

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.