MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 796 Shares of GATX Co. (NYSE:GATX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in GATX Co. (NYSE:GATX) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,317 shares of the transportation company’s stock after buying an additional 796 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of GATX worth $3,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Assetmark Inc. lifted its position in GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Savant Capital LLC lifted its position in GATX by 4.6% in the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company’s stock worth $245,000 after buying an additional 69 shares during the last quarter. Principal Securities Inc. lifted its position in GATX by 9.0% in the 4th quarter. Principal Securities Inc. now owns 919 shares of the transportation company’s stock worth $142,000 after buying an additional 76 shares during the last quarter. Arizona State Retirement System lifted its position in GATX by 0.8% in the 4th quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company’s stock worth $1,521,000 after buying an additional 77 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in GATX by 91.8% in the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock worth $25,000 after buying an additional 78 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Stock Performance

Shares of GATX stock opened at $149.55 on Tuesday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. GATX Co. has a fifty-two week low of $127.00 and a fifty-two week high of $168.89. The stock has a 50 day moving average price of $149.40 and a two-hundred day moving average price of $155.54. The company has a market capitalization of $5.34 billion, a P/E ratio of 19.25 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 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.06. GATX had a return on equity of 12.07% and a net margin of 17.92%. The firm had revenue of $421.60 million during the quarter, compared to the consensus estimate of $417.06 million. During the same quarter in the previous year, the company posted $2.01 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. Analysts expect that GATX Co. will post 8.5 earnings per share for the current year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 1.63%. GATX’s dividend payout ratio (DPR) is presently 30.93%.

Wall Street Analysts Forecast Growth

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

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.