Trexquant Investment LP Takes $1.07 Million Position in GATX Co. (NYSE:GATX)

Trexquant Investment LP bought a new position in GATX Co. (NYSE:GATX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,870 shares of the transportation company's stock, valued at approximately $1,065,000.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in GATX by 91.8% in the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Assetmark Inc. grew its holdings in GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of GATX in the fourth quarter valued at approximately $39,000. Versant Capital Management Inc boosted its holdings in shares of GATX by 184.6% during the 4th quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock worth $40,000 after buying an additional 168 shares during the period. Finally, Compagnie Lombard Odier SCmA bought a new position in GATX in the 4th quarter worth $46,000. Institutional investors and hedge funds own 93.14% of the company's stock.

GATX Stock Performance

GATX stock traded up $1.33 during mid-day trading on Wednesday, reaching $148.60. 19,843 shares of the stock traded hands, compared to its average volume of 160,686. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The business has a 50-day moving average of $156.68 and a two-hundred day moving average of $153.40. The firm has a market capitalization of $5.30 billion, a PE ratio of 19.04 and a beta of 1.00. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89.

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GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS 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 in the prior year, the company posted $1.74 EPS. As a group, equities analysts predict that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Friday, February 28th. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's dividend payout ratio (DPR) is presently 31.40%.

Insider Buying and Selling

In related news, SVP Jeffery R. Young sold 297 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total value of $48,895.11. Following the sale, the senior vice president now owns 7,362 shares of the company's stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total value of $786,384.00. Following the sale, the vice president now directly owns 7,493 shares in the company, valued at $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is owned by company insiders.

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.