American Trust Takes $266,000 Position in GATX Co. (NYSE:GATX)

American Trust purchased a new stake in GATX Co. (NYSE:GATXGet Rating) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,160 shares of the transportation company’s stock, valued at approximately $266,000.

Several other large investors have also modified their holdings of GATX. Vanguard Group Inc. increased its stake in GATX by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,700,649 shares of the transportation company’s stock valued at $456,402,000 after purchasing an additional 11,725 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in GATX by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,424,394 shares of the transportation company’s stock worth $299,007,000 after buying an additional 21,638 shares in the last quarter. State Street Corp boosted its holdings in GATX by 2.5% during the first quarter. State Street Corp now owns 1,128,431 shares of the transportation company’s stock worth $139,169,000 after buying an additional 27,484 shares in the last quarter. Bank of America Corp DE boosted its holdings in GATX by 6.5% during the first quarter. Bank of America Corp DE now owns 1,000,882 shares of the transportation company’s stock worth $123,440,000 after buying an additional 61,323 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in GATX by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 593,110 shares of the transportation company’s stock worth $61,796,000 after buying an additional 22,792 shares in the last quarter. Institutional investors own 99.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GATX shares. Susquehanna Bancshares decreased their price objective on shares of GATX from $122.00 to $112.00 in a report on Friday, July 22nd. StockNews.com downgraded shares of GATX from a “buy” rating to a “hold” rating in a report on Friday, July 22nd.

GATX Price Performance

Shares of NYSE GATX opened at $96.40 on Monday. The firm has a 50-day simple moving average of $97.54 and a 200-day simple moving average of $105.07. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 19.40 and a beta of 0.98. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 3.02. GATX Co. has a 52 week low of $84.50 and a 52 week high of $127.58.

GATX (NYSE:GATXGet Rating) last released its quarterly earnings data on Thursday, July 21st. The transportation company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.17). GATX had a return on equity of 10.94% and a net margin of 14.20%. The firm had revenue of $312.70 million for the quarter, compared to analyst estimates of $323.70 million. During the same quarter in the previous year, the business posted $1.35 earnings per share. GATX’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts predict that GATX Co. will post 5.95 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, September 14th. GATX’s payout ratio is currently 41.85%.

GATX Profile

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GATX Corporation operates as railcar leasing company in the United States and internationally. The company operates through three segments: Rail North America, Rail International, and Portfolio Management. It leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.

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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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