Handelsbanken Fonder AB Buys 1,600 Shares of GATX Co. (NYSE:GATX)

Handelsbanken Fonder AB boosted its stake in shares of GATX Co. (NYSE:GATX) by 29.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,030 shares of the transportation company’s stock after purchasing an additional 1,600 shares during the period. Handelsbanken Fonder AB’s holdings in GATX were worth $845,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GATX. Envestnet Asset Management Inc. grew its stake in shares of GATX by 82.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 196,936 shares of the transportation company’s stock valued at $21,433,000 after purchasing an additional 89,194 shares during the period. American Century Companies Inc. grew its position in GATX by 22.6% during the third quarter. American Century Companies Inc. now owns 468,726 shares of the transportation company’s stock valued at $51,011,000 after buying an additional 86,501 shares during the period. Earnest Partners LLC increased its holdings in GATX by 3.0% during the third quarter. Earnest Partners LLC now owns 2,829,696 shares of the transportation company’s stock valued at $307,956,000 after buying an additional 82,608 shares during the last quarter. Sei Investments Co. raised its position in GATX by 15.4% in the third quarter. Sei Investments Co. now owns 593,015 shares of the transportation company’s stock worth $64,538,000 after acquiring an additional 79,015 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of GATX during the 3rd quarter worth $6,698,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GATX shares. Susquehanna upped their price objective on GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen raised their price objective on GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company boosted 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.

Insider Buying and Selling

In other GATX news, CEO Robert C. Lyons sold 19,300 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total value of $2,426,010.00. Following the sale, the chief executive officer now owns 44,710 shares in the company, valued at approximately $5,620,047. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other GATX news, CEO Robert C. Lyons sold 19,300 shares of GATX stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $125.70, for a total value of $2,426,010.00. Following the sale, the chief executive officer now owns 44,710 shares of the company’s stock, valued at approximately $5,620,047. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $294,426.00. Following the sale, the senior vice president now directly owns 7,711 shares in the company, valued at $1,031,963.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,694 shares of company stock worth $2,744,936. 1.99% of the stock is owned by insiders.

GATX Trading Down 1.4 %

Shares of GATX stock opened at $125.75 on Tuesday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 2.79 and a current ratio of 3.39. The stock has a fifty day simple moving average of $129.77 and a two-hundred day simple moving average of $120.45. The firm has a market capitalization of $4.47 billion, a PE ratio of 17.91 and a beta of 0.98. GATX Co. has a 52-week low of $97.21 and a 52-week high of $135.65.

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

GATX Announces Dividend

The business also recently announced 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. This represents a $2.32 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, June 14th. GATX’s dividend payout ratio (DPR) is presently 33.05%.

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.