DekaBank Deutsche Girozentrale Invests $179,000 in GATX Co. (NYSE:GATX)

DekaBank Deutsche Girozentrale acquired a new stake in GATX Co. (NYSE:GATX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,500 shares of the transportation company’s stock, valued at approximately $179,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its stake in GATX by 2.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,490 shares of the transportation company’s stock valued at $554,000 after acquiring an additional 114 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of GATX by 6.2% in the 1st quarter. Bank of Montreal Can now owns 17,266 shares of the transportation company’s stock valued at $2,182,000 after purchasing an additional 1,004 shares during the period. Acadian Asset Management LLC bought a new stake in shares of GATX in the 1st quarter valued at about $219,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in GATX by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,010 shares of the transportation company’s stock valued at $1,605,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in GATX by 8.0% during the first quarter. Great West Life Assurance Co. Can now owns 19,808 shares of the transportation company’s stock worth $2,513,000 after purchasing an additional 1,471 shares during the period. 93.14% of the stock is owned by institutional investors.

GATX Trading Down 0.7 %

Shares of GATX stock opened at $128.66 on Wednesday. GATX Co. has a 12-month low of $97.21 and a 12-month high of $135.65. The firm has a 50 day moving average price of $129.61 and a two-hundred day moving average price of $119.20. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 3.26. The company has a market capitalization of $4.57 billion, a PE ratio of 17.99 and a beta of 0.98.

GATX (NYSE:GATX) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.16. GATX had a return on equity of 11.81% and a net margin of 18.37%. The business had revenue of $368.70 million during the quarter, compared to analysts’ expectations of $365.32 million. During the same period last year, the firm posted $1.54 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, analysts predict that GATX Co. will post 7.53 earnings per share for the current year.

GATX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Investors of record on Friday, March 1st were paid a $0.58 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from GATX’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.80%. GATX’s dividend payout ratio is 32.45%.

Insider Buying and Selling

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $133.83, for a total value of $294,426.00. Following the completion of the sale, the senior vice president now 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 Securities & Exchange Commission, which is accessible through the SEC website. In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the firm’s 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 transaction, the senior vice president now owns 7,711 shares in the company, valued at approximately $1,031,963.13. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Thomas A. Ellman sold 18,000 shares of GATX stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $127.54, for a total value of $2,295,720.00. Following the completion of the transaction, the chief financial officer now directly owns 35,429 shares of the company’s stock, valued at $4,518,614.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,694 shares of company stock valued at $5,040,656. 1.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on GATX from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Susquehanna boosted their target price on GATX from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, TD Cowen raised their price target on GATX from $122.00 to $136.00 and gave the company a “market perform” rating in a report on Wednesday, January 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.