Zurcher Kantonalbank Zurich Cantonalbank Purchases 729 Shares of GATX Co. (NYSE:GATX)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of GATX Co. (NYSE:GATX) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,472 shares of the transportation company’s stock after acquiring an additional 729 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GATX were worth $898,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new position in GATX during the fourth quarter worth $1,202,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of GATX by 1.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,138 shares of the transportation company’s stock valued at $1,940,000 after buying an additional 163 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of GATX in the fourth quarter valued at about $179,000. Welch Group LLC grew its position in GATX by 49.8% during the fourth quarter. Welch Group LLC now owns 3,012 shares of the transportation company’s stock worth $362,000 after buying an additional 1,001 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in GATX by 3.4% in the 4th quarter. Fifth Third Bancorp now owns 33,830 shares of the transportation company’s stock valued at $4,067,000 after acquiring an additional 1,097 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors.

Insider Transactions at GATX

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, 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 SEC, which is available at this hyperlink. In other news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $133.83, for a total transaction of $294,426.00. Following the completion of the transaction, the senior vice president now directly owns 7,711 shares in the company, valued at approximately $1,031,963.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Thomas A. Ellman sold 18,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $127.54, for a total value of $2,295,720.00. Following the sale, the chief financial officer now owns 35,429 shares in the company, valued at approximately $4,518,614.66. The disclosure for this sale can be found here. Insiders sold 39,694 shares of company stock valued at $5,040,656 over the last three months. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GATX shares. TD Cowen lifted their price target on shares of GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Susquehanna raised their price target on shares of GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, 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.

GATX Stock Performance

GATX stock opened at $127.51 on Monday. The firm has a market cap of $4.53 billion, a PE ratio of 18.16 and a beta of 0.98. The company has a current ratio of 3.39, a quick ratio of 2.79 and a debt-to-equity ratio of 3.28. The business’s 50-day moving average price is $129.78 and its two-hundred day moving average price is $120.33. GATX Co. has a 1-year low of $97.21 and a 1-year high of $135.65.

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

GATX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.82%. GATX’s dividend payout ratio (DPR) is 33.05%.

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.