UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $12.02 Million Position in GATX Co. (NYSE:GATX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of GATX Co. (NYSE:GATX - Free Report) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,773 shares of the transportation company's stock after acquiring an additional 3,769 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.26% of GATX worth $12,023,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Gradient Investments LLC acquired a new position in shares of GATX in the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC purchased a new stake in GATX during the third quarter valued at about $28,000. Quarry LP acquired a new stake in GATX during the second quarter worth about $37,000. Canada Pension Plan Investment Board acquired a new position in shares of GATX in the 2nd quarter valued at about $53,000. Finally, CWM LLC grew its holdings in shares of GATX by 20.2% during the 3rd quarter. CWM LLC now owns 487 shares of the transportation company's stock worth $65,000 after purchasing an additional 82 shares during the period. 93.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GATX. Sidoti lowered shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 price target on the stock. in a report on Wednesday. The Goldman Sachs Group began coverage on shares of GATX in a research note on Monday, November 18th. They set a "buy" rating and a $185.00 price objective on the stock. Finally, Susquehanna upped 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $151.80.

Insider Activity

In other news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of the company's stock in a transaction on Wednesday, October 9th. The shares were purchased at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

GATX Stock Up 1.0 %

GATX traded up $1.59 during trading on Friday, hitting $160.83. The company had a trading volume of 129,682 shares, compared to its average volume of 180,840. 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 cap of $5.71 billion, a PE ratio of 21.50 and a beta of 0.99. GATX Co. has a 1-year low of $111.13 and a 1-year high of $167.25. The business has a 50-day moving average of $145.72 and a 200-day moving average of $139.57.

GATX (NYSE:GATX - Get Free Report) last released its quarterly 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. The firm had revenue of $405.40 million during the quarter, compared to the consensus estimate of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The business's revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 EPS. As a group, analysts forecast that GATX Co. will post 7.6 earnings per share for the current year.

GATX Announces Dividend

The firm also recently disclosed 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 is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.44%. GATX's dividend payout ratio is 31.02%.

About GATX

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.