Kingswood Wealth Advisors LLC Makes New $1.25 Million Investment in GATX Co. (NYSE:GATX)

Kingswood Wealth Advisors LLC acquired a new position in shares of GATX Co. (NYSE:GATX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,073 shares of the transportation company's stock, valued at approximately $1,251,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GATX. UMB Bank n.a. lifted its stake in GATX by 91.8% in the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock worth $25,000 after acquiring an additional 78 shares in the last quarter. Wolff Wiese Magana LLC purchased a new stake in shares of GATX in the third quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of GATX during the second quarter worth approximately $37,000. Versant Capital Management Inc grew its position in GATX by 184.6% during the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock valued at $40,000 after purchasing an additional 168 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in GATX in the 2nd quarter valued at approximately $53,000. 93.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GATX. Susquehanna lifted their target price on shares of GATX from $122.00 to $140.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. The Goldman Sachs Group started coverage on GATX in a research report on Monday, November 18th. They issued a "buy" rating and a $185.00 target price on the stock. Finally, Sidoti cut GATX from a "buy" rating to a "neutral" rating and set a $158.00 price target for the company. in a research note on Wednesday, December 4th.

GATX Stock Down 0.9 %

GATX stock traded down $1.54 during mid-day trading on Friday, hitting $165.20. 75,460 shares of the company's stock were exchanged, compared to its average volume of 148,785. GATX Co. has a 1-year low of $120.14 and a 1-year high of $168.29. The stock has a 50 day moving average of $158.68 and a two-hundred day moving average of $145.94. The stock has a market cap of $5.86 billion, a P/E ratio of 21.26 and a beta of 0.99. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37.

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

GATX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.48%. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's dividend payout ratio is 29.86%.

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.