AE Wealth Management LLC Makes New $1.13 Million Investment in GATX Co. (NYSE:GATX)

AE Wealth Management LLC acquired a new position in shares of GATX Co. (NYSE:GATX – Get Rating) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 13,210 shares of the transportation company’s stock, valued at approximately $1,125,000.

Several other hedge funds also recently made changes to their positions in GATX. Cutler Group LLC CA purchased a new position in shares of GATX during the third quarter worth about $50,000. Ronald Blue Trust Inc. grew its holdings in shares of GATX by 24.9% during the third quarter. Ronald Blue Trust Inc. now owns 1,539 shares of the transportation company’s stock worth $145,000 after buying an additional 307 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of GATX by 448.4% during the third quarter. Whittier Trust Co. now owns 1,223 shares of the transportation company’s stock worth $104,000 after buying an additional 1,000 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of GATX during the third quarter worth about $800,000. Finally, Federated Hermes Inc. grew its holdings in shares of GATX by 25.7% during the second quarter. Federated Hermes Inc. now owns 5,794 shares of the transportation company’s stock worth $546,000 after buying an additional 1,185 shares during the last quarter. Hedge funds and other institutional investors own 99.10% of the company’s stock.

Insider Transactions at GATX

In other news, EVP Deborah A. Golden sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $105.47, for a total transaction of $263,675.00. Following the completion of the transaction, the executive vice president now directly owns 8,448 shares of the company’s stock, valued at approximately $891,010.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other GATX news, VP Jennifer Mcmanus sold 900 shares of GATX stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $102.21, for a total value of $91,989.00. Following the completion of the sale, the vice president now directly owns 1,057 shares of the company’s stock, valued at approximately $108,035.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah A. Golden sold 2,500 shares of GATX stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $105.47, for a total transaction of $263,675.00. Following the completion of the sale, the executive vice president now directly owns 8,448 shares of the company’s stock, valued at $891,010.56. The disclosure for this sale can be found here. Insiders sold a total of 4,160 shares of company stock valued at $440,313 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GATX shares. StockNews.com started coverage on shares of GATX in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Susquehanna Bancshares downgraded shares of GATX to a “neutral” rating in a research report on Monday, November 7th. Finally, Susquehanna downgraded shares of GATX from a “positive” rating to a “neutral” rating in a research report on Monday, November 7th.

GATX Price Performance

GATX stock opened at $110.91 on Thursday. The firm has a 50 day moving average of $109.18 and a 200-day moving average of $100.61. GATX Co. has a 12-month low of $84.96 and a 12-month high of $127.58. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 3.28. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 23.75 and a beta of 1.07.

GATX (NYSE:GATX – Get Rating) last posted its quarterly earnings results on Tuesday, October 25th. The transportation company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). GATX had a net margin of 13.25% and a return on equity of 10.98%. The company had revenue of $321.00 million for the quarter, compared to analyst estimates of $321.66 million. As a group, equities analysts expect that GATX Co. will post 5.94 EPS for the current fiscal year.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, December 31st. Stockholders of record on Thursday, December 15th were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.88%. GATX’s payout ratio is 44.54%.

About GATX

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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.