Natixis Advisors LLC Grows Position in GATX Co. (NYSE:GATX)

Natixis Advisors LLC boosted its position in GATX Co. (NYSE:GATX - Free Report) by 2.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,651 shares of the transportation company's stock after purchasing an additional 3,580 shares during the quarter. Natixis Advisors LLC owned approximately 0.47% of GATX worth $22,206,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in shares of GATX in the 1st quarter worth about $341,000. SG Americas Securities LLC grew its holdings in shares of GATX by 75.3% in the 1st quarter. SG Americas Securities LLC now owns 2,759 shares of the transportation company's stock valued at $370,000 after acquiring an additional 1,185 shares in the last quarter. Clearbridge Investments LLC lifted its position in GATX by 0.3% during the first quarter. Clearbridge Investments LLC now owns 370,308 shares of the transportation company's stock worth $49,632,000 after acquiring an additional 977 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in GATX by 2.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 38,676 shares of the transportation company's stock valued at $5,182,000 after purchasing an additional 795 shares during the period. Finally, Linscomb Wealth Inc. acquired a new stake in shares of GATX in the 1st quarter worth about $202,000. Hedge funds and other institutional investors own 93.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GATX. Susquehanna boosted their price objective on shares of GATX from $122.00 to $140.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. The Goldman Sachs Group assumed coverage on shares of GATX in a research note on Monday. They set a "buy" rating and a $185.00 target price on the stock.

Insiders Place Their Bets

In related news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the stock in a transaction on Wednesday, October 9th. The stock was purchased at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the transaction, the insider now owns 3,312,294 shares of the company's stock, valued at $442,688,093.10. The trade was a 0.27 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.99% of the stock is currently owned by company insiders.

GATX Trading Down 0.7 %

GATX stock traded down $1.01 during mid-day trading on Tuesday, hitting $151.32. The company's stock had a trading volume of 32,403 shares, compared to its average volume of 150,685. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 20.16 and a beta of 0.95. 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 12 month low of $106.92 and a 12 month high of $156.03. The business has a 50 day moving average price of $138.40 and a 200-day moving average price of $136.76.

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

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.53%. GATX's dividend payout ratio (DPR) is presently 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.