GATX Co. (NYSE:GATX) Position Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its holdings in GATX Co. (NYSE:GATX) by 103.4% during the fourth quarter, Holdings Channel reports. The firm owned 364,492 shares of the transportation company’s stock after purchasing an additional 185,321 shares during the period. Ameriprise Financial Inc.’s holdings in GATX were worth $56,479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GATX. Gallagher Fiduciary Advisors LLC lifted its position in shares of GATX by 18.8% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 3,025 shares of the transportation company’s stock valued at $469,000 after acquiring an additional 479 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of GATX during the fourth quarter valued at $208,000. Rehmann Capital Advisory Group boosted its position in shares of GATX by 7.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,644 shares of the transportation company’s stock valued at $255,000 after purchasing an additional 110 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in GATX by 22.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,573 shares of the transportation company’s stock worth $399,000 after purchasing an additional 470 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in GATX by 12.4% during the 4th quarter. Northern Trust Corp now owns 700,603 shares of the transportation company’s stock worth $108,565,000 after buying an additional 77,437 shares during the period. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Trading Up 0.3 %

Shares of NYSE GATX opened at $145.99 on Friday. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. GATX Co. has a one year low of $127.00 and a one year high of $168.89. The business has a 50-day moving average price of $149.99 and a two-hundred day moving average price of $154.96. The firm has a market capitalization of $5.21 billion, a PE ratio of 18.79 and a beta of 1.18.

GATX (NYSE:GATX) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The firm had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. During the same period in the previous year, the firm posted $2.01 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, analysts predict that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 1.67%. GATX’s dividend payout ratio is 30.93%.

Analysts Set New Price Targets

Several brokerages have commented on GATX. The Goldman Sachs Group reiterated a “buy” rating on shares of GATX in a report on Wednesday, April 23rd. Susquehanna decreased their price objective on shares of GATX from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th.

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.