GATX Co. (NYSE:GATX) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its position in GATX Co. (NYSE:GATX) by 103.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 364,492 shares of the transportation company’s stock after acquiring an additional 185,321 shares during the quarter. Ameriprise Financial Inc. owned 1.03% of GATX worth $56,479,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 17,885 shares during the period. Earnest Partners LLC lifted its holdings in GATX by 1.2% in the fourth quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company’s stock worth $482,482,000 after acquiring an additional 35,890 shares during the last quarter. American Century Companies Inc. boosted its stake in GATX by 12.1% in 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 acquiring an additional 118,306 shares during the period. Wellington Management Group LLP grew its holdings 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 purchasing an additional 17,273 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of GATX by 6.6% during the 4th quarter. Sei Investments Co. now owns 902,691 shares of the transportation company’s stock worth $139,881,000 after purchasing an additional 56,041 shares during the period. 93.14% of the stock is currently owned by institutional investors.

GATX Stock Up 0.3 %

GATX opened at $145.99 on Friday. The stock’s 50 day moving average price is $149.99 and its 200 day moving average price is $154.96. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. The stock has a market cap of $5.21 billion, a P/E ratio of 18.79 and a beta of 1.18. GATX Co. has a 12 month low of $127.00 and a 12 month high of $168.89.

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

GATX Dividend Announcement

The company also recently announced 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 yield of 1.67%. GATX’s payout ratio is 30.93%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GATX. The Goldman Sachs Group restated a “buy” rating on shares of GATX in a research note on Wednesday, April 23rd. Susquehanna dropped their price objective on shares of GATX from $165.00 to $160.00 and set a “neutral” rating on the stock in a report 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.