Dynamic Technology Lab Private Ltd Takes $1.41 Million Position in GATX Co. (NYSE:GATX)

Dynamic Technology Lab Private Ltd purchased a new stake in GATX Co. (NYSE:GATX - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 10,649 shares of the transportation company's stock, valued at approximately $1,410,000.

A number of other institutional investors have also made changes to their positions in GATX. Gradient Investments LLC bought a new stake in shares of GATX in the 2nd quarter valued at approximately $25,000. Wolff Wiese Magana LLC bought a new position in GATX during the 3rd quarter worth $28,000. Quarry LP bought a new position in GATX during the 2nd quarter worth $37,000. Canada Pension Plan Investment Board bought a new position in GATX during the 2nd quarter worth $53,000. Finally, CWM LLC grew its stake in GATX by 20.2% during the 3rd quarter. CWM LLC now owns 487 shares of the transportation company's stock worth $65,000 after buying an additional 82 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

GATX Trading Down 1.2 %

Shares of GATX stock opened at $163.78 on Wednesday. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41. GATX Co. has a 1 year low of $106.92 and a 1 year high of $167.25. The stock has a fifty day moving average of $141.06 and a two-hundred day moving average of $137.94. The firm has a market capitalization of $5.81 billion, a PE ratio of 21.90 and a beta of 0.95.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.54. GATX had a return on equity of 11.98% and a net margin of 17.76%. The company had revenue of $405.40 million during the quarter, compared to analyst estimates of $391.65 million. During the same quarter in the previous year, the firm posted $1.44 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. As a group, research analysts expect that GATX Co. will post 7.6 EPS for the current year.

GATX Dividend Announcement

The company 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 $0.58 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.42%. GATX's dividend payout ratio (DPR) is 31.02%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GATX shares. Susquehanna upped their price objective on GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. The Goldman Sachs Group started coverage on GATX in a research note on Monday, November 18th. They set a "buy" rating and a $185.00 price objective for the company.

Insider Activity

In other news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the business's stock in a transaction dated Wednesday, October 9th. The stock was acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the acquisition, the insider now directly owns 3,312,294 shares in the company, valued at $442,688,093.10. This represents a 0.27 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.99% of the company's stock.

GATX Company 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.