Charles Schwab Investment Management Inc. Grows Position in GATX Co. (NYSE:GATX)

Charles Schwab Investment Management Inc. increased its holdings in shares of GATX Co. (NYSE:GATX - Free Report) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 474,729 shares of the transportation company's stock after acquiring an additional 17,255 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.34% of GATX worth $62,878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Gradient Investments LLC bought a new position in GATX during the 2nd quarter worth approximately $25,000. Wolff Wiese Magana LLC acquired a new stake in shares of GATX in the 3rd quarter worth about $28,000. Quarry LP bought a new position in shares of GATX in the second quarter valued at approximately $37,000. Canada Pension Plan Investment Board purchased a new position in GATX during the 2nd quarter worth $53,000. Finally, CWM LLC grew its position in GATX by 20.2% in the 3rd quarter. CWM LLC now owns 487 shares of the transportation company's stock worth $65,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GATX shares. The Goldman Sachs Group initiated coverage on GATX in a research report on Monday, November 18th. They set a "buy" rating and a $185.00 price target on the stock. Susquehanna lifted their price objective on GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st.

Insider Transactions at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the business's stock in a transaction on Wednesday, October 9th. The stock was bought at an average price of $133.65 per share, with a total value of $1,200,711.60. Following the completion of the purchase, the insider now directly owns 3,312,294 shares in the company, valued at $442,688,093.10. The trade was a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company's stock.

GATX Price Performance

Shares of GATX traded up $0.46 during trading hours on Friday, reaching $164.16. 123,334 shares of the stock traded hands, compared to its average volume of 152,756. The company's 50-day moving average price is $143.13 and its two-hundred day moving average price is $138.72. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. GATX Co. has a 52-week low of $107.62 and a 52-week high of $167.25. The company has a market cap of $5.83 billion, a P/E ratio of 21.98 and a beta of 0.95.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.54. The business had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. On average, analysts anticipate that GATX Co. will post 7.6 earnings per share for the current year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, December 13th. GATX's dividend payout ratio (DPR) is presently 31.02%.

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.