2,160 Shares in GATX Co. (NYSE:GATX) Acquired by American Trust

American Trust acquired a new position in GATX Co. (NYSE:GATXGet Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,160 shares of the transportation company’s stock, valued at approximately $266,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in GATX by 6.5% during the first quarter. Bank of America Corp DE now owns 1,000,882 shares of the transportation company’s stock worth $123,440,000 after acquiring an additional 61,323 shares in the last quarter. Jane Street Group LLC raised its stake in GATX by 82.7% during the first quarter. Jane Street Group LLC now owns 3,964 shares of the transportation company’s stock worth $489,000 after acquiring an additional 1,794 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of GATX in the first quarter valued at $203,000. Guggenheim Capital LLC increased its stake in shares of GATX by 1.0% in the first quarter. Guggenheim Capital LLC now owns 52,408 shares of the transportation company’s stock valued at $6,464,000 after buying an additional 515 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of GATX by 21.9% in the first quarter. Captrust Financial Advisors now owns 2,301 shares of the transportation company’s stock valued at $284,000 after buying an additional 413 shares in the last quarter. Institutional investors and hedge funds own 99.10% of the company’s stock.

GATX Price Performance

Shares of GATX opened at $96.40 on Monday. The stock has a market cap of $3.40 billion, a PE ratio of 19.40 and a beta of 0.98. The business has a 50-day simple moving average of $97.54 and a two-hundred day simple moving average of $105.07. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 3.02. GATX Co. has a 12-month low of $84.50 and a 12-month high of $127.58.

GATX (NYSE:GATXGet Rating) last announced its earnings results on Thursday, July 21st. The transportation company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.17). GATX had a net margin of 14.20% and a return on equity of 10.94%. The business had revenue of $312.70 million for the quarter, compared to the consensus estimate of $323.70 million. During the same quarter in the previous year, the company earned $1.35 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts anticipate that GATX Co. will post 5.95 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Wednesday, September 14th. GATX’s payout ratio is 41.85%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GATX. StockNews.com lowered GATX from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. Susquehanna Bancshares decreased their price target on GATX from $122.00 to $112.00 in a report on Friday, July 22nd.

GATX Company Profile

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GATX Corporation operates as railcar leasing company in the United States and internationally. The company operates through three segments: Rail North America, Rail International, and Portfolio Management. It leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.

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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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