International Assets Investment Management LLC bought a new position in shares of GATX Co. (NYSE:GATX - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,614 shares of the transportation company's stock, valued at approximately $3,922,000. International Assets Investment Management LLC owned 0.08% of GATX as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in GATX. Gradient Investments LLC purchased a new stake in GATX during the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC purchased a new stake in GATX during the third quarter worth approximately $28,000. Quarry LP acquired a new position in GATX in the second quarter valued at approximately $37,000. Canada Pension Plan Investment Board purchased a new position in GATX in the second quarter valued at approximately $53,000. Finally, CWM LLC increased its stake in GATX by 20.2% in the third quarter. CWM LLC now owns 487 shares of the transportation company's stock valued at $65,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.
Analysts Set New Price Targets
Separately, Susquehanna upped their target price on shares of GATX from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Monday, October 21st.
Read Our Latest Research Report on GATX
GATX Stock Performance
Shares of GATX traded up $0.44 during midday trading on Friday, reaching $138.20. 143,777 shares of the stock were exchanged, compared to its average volume of 150,298. GATX Co. has a twelve month low of $104.88 and a twelve month high of $151.33. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 18.49 and a beta of 0.95. The business's 50-day moving average price is $135.86 and its 200 day moving average price is $134.99.
GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, topping the consensus estimate of $1.96 by $0.54. The company had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The firm's revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 earnings per share. On average, sell-side analysts expect that GATX Co. will post 7.6 EPS for the current fiscal year.
GATX Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.68%. GATX's dividend payout ratio (DPR) is 31.02%.
Insider Buying and Selling
In related news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the company's stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average price of $133.65 per share, with a total value of $1,200,711.60. Following the completion of the acquisition, the insider now owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company's stock.
About GATX
(
Free Report)
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.
Featured Stories
Before you consider GATX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GATX wasn't on the list.
While GATX currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
