Susquehanna Fundamental Investments LLC Acquires Shares of 24,004 GATX Co. (NYSE:GATX)

Susquehanna Fundamental Investments LLC acquired a new position in shares of GATX Co. (NYSE:GATX) during the fourth quarter, Holdings Channel reports. The fund acquired 24,004 shares of the transportation company’s stock, valued at approximately $3,720,000.

Several other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of GATX by 91.8% during the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 78 shares in the last quarter. Assetmark Inc. increased its stake in GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of GATX during the 4th quarter worth approximately $39,000. Versant Capital Management Inc boosted its stake in shares of GATX by 184.6% in the 4th quarter. Versant Capital Management Inc now owns 259 shares of the transportation company’s stock worth $40,000 after buying an additional 168 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of GATX in the fourth quarter valued at approximately $46,000. Institutional investors own 93.14% of the company’s stock.

GATX Stock Performance

NYSE:GATX opened at $144.32 on Tuesday. The company has a market capitalization of $5.15 billion, a P/E ratio of 18.57 and a beta of 1.00. The business has a fifty day simple moving average of $153.10 and a two-hundred day simple moving average of $154.42. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. GATX Co. has a 1 year low of $122.00 and a 1 year high of $168.89.

GATX (NYSE:GATX) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $417.06 million. During the same quarter last year, the business earned $2.01 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts expect that GATX Co. will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.61 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 1.69%. GATX’s dividend payout ratio is 30.93%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Susquehanna cut 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. The Goldman Sachs Group reissued a “buy” rating on shares of GATX in a report on Wednesday, April 23rd.

Insider Buying and Selling at GATX

In related news, VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the sale, the vice president now directly owns 7,493 shares in the company, valued at approximately $1,227,578.19. The trade was a 39.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffery R. Young sold 297 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value of $48,895.11. Following the sale, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.17% 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.