Perennial Advisors LLC Makes New $936,000 Investment in GATX Co. (NYSE:GATX)

Perennial Advisors LLC acquired a new position in GATX Co. (NYSE:GATX) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,028 shares of the transportation company’s stock, valued at approximately $936,000.

A number of other institutional investors have also added to or reduced their stakes in GATX. Vanguard Group Inc. grew its stake in shares of GATX by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company’s stock worth $612,075,000 after acquiring an additional 17,885 shares during the last quarter. Earnest Partners LLC boosted its position in shares of GATX by 1.2% during the fourth quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company’s stock valued at $482,482,000 after buying an additional 35,890 shares during the last quarter. American Century Companies Inc. boosted its position in shares of GATX by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company’s stock valued at $170,370,000 after buying an additional 118,306 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of GATX by 1.7% during the fourth quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company’s stock valued at $158,329,000 after buying an additional 17,273 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of GATX by 6.6% during the fourth quarter. Sei Investments Co. now owns 902,691 shares of the transportation company’s stock valued at $139,881,000 after buying an additional 56,041 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Stock Up 1.0%

GATX stock opened at $157.02 on Friday. GATX Co. has a fifty-two week low of $127.00 and a fifty-two week high of $168.89. The business’s 50-day moving average is $147.94 and its two-hundred day moving average is $155.46. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 20.21 and a beta of 1.19.

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

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, June 13th. GATX’s dividend payout ratio (DPR) is currently 30.93%.

Insider Transactions at GATX

In related news, EVP Paul F. Titterton sold 18,700 shares of GATX stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the sale, the executive vice president now owns 10,468 shares of the company’s stock, valued at approximately $1,639,916.88. This trade represents a 64.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.17% of the company’s stock.

Analyst Upgrades and Downgrades

GATX has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of GATX in a research report on Wednesday, April 23rd. Susquehanna dropped their price objective on GATX from $165.00 to $160.00 and set a “neutral” rating on the stock 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.