Geode Capital Management LLC Buys 12,571 Shares of GATX Co. (NYSE:GATX)

Geode Capital Management LLC increased its holdings in GATX Co. (NYSE:GATX - Free Report) by 1.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 849,603 shares of the transportation company's stock after purchasing an additional 12,571 shares during the period. Geode Capital Management LLC owned approximately 2.39% of GATX worth $112,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GATX. Wealth Enhancement Advisory Services LLC grew its position in GATX by 2.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company's stock worth $335,000 after acquiring an additional 71 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of GATX by 8.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,144 shares of the transportation company's stock worth $681,000 after purchasing an additional 395 shares during the last quarter. Raymond James & Associates increased its stake in shares of GATX by 5.9% in the second quarter. Raymond James & Associates now owns 32,071 shares of the transportation company's stock worth $4,245,000 after buying an additional 1,787 shares during the period. Nisa Investment Advisors LLC raised its holdings in GATX by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,318 shares of the transportation company's stock valued at $1,366,000 after buying an additional 118 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in GATX by 0.3% during the 2nd quarter. Fifth Third Bancorp now owns 34,792 shares of the transportation company's stock valued at $4,605,000 after buying an additional 96 shares during the period. Institutional investors own 93.14% of the company's stock.

GATX Stock Performance

Shares of GATX stock traded down $5.90 during trading hours on Wednesday, reaching $155.21. The company had a trading volume of 175,037 shares, compared to its average volume of 154,643. The firm has a market cap of $5.51 billion, a PE ratio of 20.75 and a beta of 0.99. The business has a fifty day moving average price of $150.16 and a 200-day moving average price of $140.92. GATX Co. has a one year low of $114.78 and a one year high of $167.74. 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 (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, topping the consensus estimate 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 company posted $1.44 earnings per share. GATX's revenue was up 12.6% compared to the same quarter last year. Sell-side analysts predict that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a yield of 1.49%. GATX's dividend payout ratio is currently 31.02%.

Insider Activity at GATX

In other news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of GATX stock in a transaction dated Wednesday, October 9th. The stock was purchased at an average cost 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 approximately $442,688,093.10. This trade represents a 0.27 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GATX. The Goldman Sachs Group started coverage on GATX in a report on Monday, November 18th. They set a "buy" rating and a $185.00 target price for the company. Sidoti downgraded shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 price objective on the stock. in a research report on Wednesday, December 4th. Finally, Susquehanna raised their target price on shares of GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $151.80.

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.