DekaBank Deutsche Girozentrale Acquires New Holdings in GATX Co. (NYSE:GATX)

DekaBank Deutsche Girozentrale bought a new position in shares of GATX Co. (NYSE:GATX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,500 shares of the transportation company’s stock, valued at approximately $179,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Orion Capital Management LLC bought a new stake in shares of GATX during the 3rd quarter worth $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in GATX during the 4th quarter worth $36,000. Headinvest LLC bought a new stake in GATX during the third quarter valued at about $33,000. Bruce G. Allen Investments LLC acquired a new stake in shares of GATX in the fourth quarter valued at about $42,000. Finally, Adirondack Trust Co. acquired a new stake in shares of GATX in the third quarter valued at about $44,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. TD Cowen boosted their price objective on GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Wells Fargo & Company upped their price target on GATX from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, Susquehanna raised their price objective on shares of GATX from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th.

GATX Stock Down 0.7 %

NYSE GATX opened at $128.66 on Wednesday. GATX Co. has a twelve month low of $97.21 and a twelve month high of $135.65. The stock has a market cap of $4.57 billion, a PE ratio of 17.99 and a beta of 0.98. The firm has a 50-day simple moving average of $129.61 and a 200 day simple moving average of $119.20. The company has a debt-to-equity ratio of 3.26, a quick ratio of 2.79 and a current ratio of 2.79.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.16. The company had revenue of $368.70 million for the quarter, compared to analyst estimates of $365.32 million. GATX had a return on equity of 11.81% and a net margin of 18.37%. GATX’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 EPS. On average, research analysts forecast that GATX Co. will post 7.53 EPS for the current year.

GATX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, March 1st were paid a $0.58 dividend. This is a boost from GATX’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, February 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.80%. GATX’s dividend payout ratio is currently 32.45%.

Insider Transactions at GATX

In related news, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $133.83, for a total value of $294,426.00. Following the sale, the senior vice president now owns 7,711 shares of the company’s stock, valued at $1,031,963.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other GATX news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the completion of the transaction, the chief executive officer now directly owns 44,710 shares in the company, valued at $5,620,047. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction on Friday, March 8th. The shares were sold at an average price of $133.83, for a total value of $294,426.00. Following the transaction, the senior vice president now directly owns 7,711 shares of the company’s stock, valued at $1,031,963.13. The disclosure for this sale can be found here. In the last three months, insiders sold 39,694 shares of company stock valued at $5,040,656. Company insiders own 1.99% of the company’s stock.

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.