ExodusPoint Capital Management LP Acquires New Holdings in GATX Co. (NYSE:GATX)

ExodusPoint Capital Management LP acquired a new stake in shares of GATX Co. (NYSE:GATX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,075 shares of the transportation company's stock, valued at approximately $1,716,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GATX. Norges Bank purchased a new stake in shares of GATX in the 4th quarter valued at $55,496,000. American Century Companies Inc. grew its position in shares of GATX by 12.1% in the 4th quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock worth $170,370,000 after buying an additional 118,306 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of GATX by 81.7% during the fourth quarter. JPMorgan Chase & Co. now owns 168,747 shares of the transportation company's stock valued at $26,149,000 after acquiring an additional 75,886 shares in the last quarter. Sei Investments Co. lifted its position in shares of GATX by 6.6% in the 4th quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock worth $139,881,000 after purchasing an additional 56,041 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of GATX during the fourth quarter valued at about $5,391,000. Hedge funds and other institutional investors own 93.14% of the company's stock.

Insider Buying and Selling

In related news, VP Robert Zmudka sold 4,800 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total value of $786,384.00. Following the completion of the transaction, the vice president now owns 7,493 shares of the company's stock, valued at approximately $1,227,578.19. This trade represents a 39.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffery R. Young sold 297 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total value of $48,895.11. Following the completion of the sale, the senior vice president now directly owns 7,362 shares of the company's stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by corporate insiders.

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GATX Stock Up 1.0 %

GATX traded up $1.47 on Monday, hitting $149.48. The company had a trading volume of 18,864 shares, compared to its average volume of 160,548. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.89. The firm has a market capitalization of $5.33 billion, a P/E ratio of 19.24 and a beta of 1.00. The stock has a fifty day simple moving average of $157.39 and a 200-day simple moving average of $153.33. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same quarter in the previous year, the company posted $1.74 earnings per share. As a group, equities analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.61 per share. This is an increase from GATX's previous quarterly dividend of $0.58. The ex-dividend date was Friday, February 28th. This represents a $2.44 dividend on an annualized basis and a yield of 1.63%. GATX's dividend payout ratio is 31.40%.

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.