Sutton Place Investors LLC Makes New Investment in GATX Co. (NYSE:GATX)

Sutton Place Investors LLC bought a new position in shares of GATX Co. (NYSE:GATX) during the first quarter, Holdings Channel reports. The fund bought 1,760 shares of the transportation company’s stock, valued at approximately $236,000.

Several other hedge funds have also modified their holdings of GATX. Great Lakes Advisors LLC increased its holdings in GATX by 3.1% in the fourth quarter. Great Lakes Advisors LLC now owns 2,696 shares of the transportation company’s stock worth $324,000 after buying an additional 80 shares during the last quarter. Quadrature Capital Ltd grew its holdings in GATX by 3.1% in the 4th quarter. Quadrature Capital Ltd now owns 2,969 shares of the transportation company’s stock valued at $357,000 after buying an additional 90 shares during the last quarter. Yousif Capital Management LLC grew its holdings in GATX by 0.6% in the 4th quarter. Yousif Capital Management LLC now owns 16,574 shares of the transportation company’s stock valued at $1,993,000 after buying an additional 96 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of GATX by 4.7% during the third quarter. M&T Bank Corp now owns 2,475 shares of the transportation company’s stock worth $269,000 after buying an additional 110 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of GATX by 3.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 3,438 shares of the transportation company’s stock worth $374,000 after buying an additional 122 shares during the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GATX. TD Cowen boosted their price target on GATX from $122.00 to $136.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Wells Fargo & Company increased their target price on GATX from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, Susquehanna boosted their price target on GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th.

GATX Trading Down 2.9 %

GATX traded down $3.66 during midday trading on Tuesday, reaching $122.23. 175,339 shares of the company were exchanged, compared to its average volume of 141,688. The company has a debt-to-equity ratio of 3.28, a quick ratio of 2.79 and a current ratio of 3.39. The stock has a market capitalization of $4.34 billion, a P/E ratio of 17.41 and a beta of 0.98. The stock’s 50-day simple moving average is $129.70 and its 200 day simple moving average is $120.55. GATX Co. has a one year low of $97.21 and a one year high of $135.65.

GATX (NYSE:GATX) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.72 by $0.29. The business had revenue of $379.90 million for the quarter, compared to analysts’ expectations of $375.80 million. GATX had a net margin of 17.64% and a return on equity of 11.29%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. As a group, analysts forecast that GATX Co. will post 7.55 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be given a $0.58 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.90%. GATX’s payout ratio is 33.05%.

Insider Transactions at GATX

In other news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $133.83, for a total transaction of $294,426.00. Following the sale, the senior vice president now directly owns 7,711 shares of the company’s stock, valued at approximately $1,031,963.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction on Friday, March 8th. The shares were sold at an average price of $133.83, for a total transaction of $294,426.00. Following the transaction, the senior vice president now owns 7,711 shares in the company, valued at $1,031,963.13. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert C. Lyons sold 19,300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the transaction, the chief executive officer now owns 44,710 shares of the company’s stock, valued at approximately $5,620,047. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,694 shares of company stock worth $2,744,936. 1.99% of the stock is owned by insiders.

GATX 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.