JPMorgan Chase & Co. Buys 15,092 Shares of GATX Co. (NYSE:GATX)

JPMorgan Chase & Co. raised its holdings in GATX Co. (NYSE:GATX - Free Report) by 19.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,861 shares of the transportation company's stock after acquiring an additional 15,092 shares during the period. JPMorgan Chase & Co. owned about 0.26% of GATX worth $12,299,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Earnest Partners LLC lifted its stake in shares of GATX by 2.2% in the second quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company's stock worth $412,710,000 after acquiring an additional 68,243 shares during the period. State Street Corp lifted its stake in shares of GATX by 0.6% in the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company's stock worth $171,509,000 after acquiring an additional 7,585 shares during the period. Sei Investments Co. lifted its stake in shares of GATX by 4.9% in the second quarter. Sei Investments Co. now owns 869,643 shares of the transportation company's stock worth $115,106,000 after acquiring an additional 40,924 shares during the period. Geode Capital Management LLC lifted its stake in shares of GATX by 1.5% in the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company's stock worth $112,550,000 after acquiring an additional 12,571 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of GATX by 16.9% in the second quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company's stock worth $110,074,000 after acquiring an additional 120,149 shares during the period. Institutional investors own 93.14% of the company's stock.

Wall Street Analyst Weigh In

GATX has been the topic of a number of recent analyst reports. Susquehanna lifted 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 initiated coverage on GATX in a research note on Monday, November 18th. They issued a "buy" rating and a $185.00 price target on the stock. Finally, Sidoti lowered GATX from a "buy" rating to a "neutral" rating and set a $158.00 price target on the stock. in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, GATX currently has an average rating of "Hold" and a consensus price target of $151.80.

GATX Stock Down 0.8 %

Shares of NYSE:GATX traded down $1.26 during trading on Friday, reaching $150.26. 143,032 shares of the stock were exchanged, compared to its average volume of 137,189. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. GATX Co. has a 1-year low of $114.78 and a 1-year high of $167.74. The stock has a fifty day moving average of $156.67 and a two-hundred day moving average of $143.66. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 20.09 and a beta of 0.99.

GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share 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 for the quarter, compared to analyst estimates of $391.65 million. During the same period in the prior year, the firm earned $1.44 earnings per share. GATX's revenue for the quarter was up 12.6% on a year-over-year basis. Research analysts anticipate that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, December 13th. GATX's payout ratio is 31.02%.

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.