Virtu Financial LLC Purchases Shares of 5,641 GATX Co. (NYSE:GATX)

Virtu Financial LLC acquired a new stake in shares of GATX Co. (NYSE:GATX - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,641 shares of the transportation company's stock, valued at approximately $747,000.

Several other large investors also recently modified their holdings of GATX. American Century Companies Inc. boosted its position in GATX by 16.9% in the second quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company's stock valued at $110,074,000 after buying an additional 120,149 shares in the last quarter. Earnest Partners LLC raised its stake in shares of GATX by 2.2% in the second quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company's stock valued at $412,710,000 after acquiring an additional 68,243 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of GATX by 4.9% in the 2nd quarter. Sei Investments Co. now owns 869,643 shares of the transportation company's stock worth $115,106,000 after acquiring an additional 40,924 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of GATX in the 3rd quarter worth approximately $3,922,000. Finally, AE Wealth Management LLC grew its position in GATX by 46.4% during the 2nd quarter. AE Wealth Management LLC now owns 71,366 shares of the transportation company's stock worth $9,446,000 after acquiring an additional 22,619 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

GATX Trading Down 0.3 %

Shares of NYSE GATX traded down $0.42 during midday trading on Friday, hitting $161.32. The stock had a trading volume of 151,554 shares, compared to its average volume of 154,328. The firm has a market cap of $5.73 billion, a P/E ratio of 21.57 and a beta of 0.99. GATX Co. has a fifty-two week low of $114.78 and a fifty-two week high of $167.74. 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's 50-day simple moving average is $149.03 and its 200 day simple moving average is $140.51.

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

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, December 13th. GATX's payout ratio is 31.02%.

Analyst Ratings Changes

Several brokerages have issued reports on GATX. Sidoti downgraded GATX from a "buy" rating to a "neutral" rating and set a $158.00 price objective for the company. in a research report on Wednesday, December 4th. Susquehanna lifted their price target on GATX from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group assumed coverage on shares of GATX in a report on Monday, November 18th. They set a "buy" rating and a $185.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $151.80.

Insider Transactions at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the business's stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the acquisition, the insider now directly owns 3,312,294 shares of the company's stock, valued at approximately $442,688,093.10. This trade represents a 0.27 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company's stock.

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.