Jane Street Group LLC Has $2.19 Million Stake in GATX Co. (NYSE:GATX)

Jane Street Group LLC lowered its stake in GATX Co. (NYSE:GATX) by 68.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,108 shares of the transportation company’s stock after selling 30,151 shares during the period. Jane Street Group LLC’s holdings in GATX were worth $2,186,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in GATX by 44.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company’s stock valued at $6,085,000 after buying an additional 12,342 shares during the last quarter. Bradley Foster & Sargent Inc. CT bought a new stake in GATX in the 4th quarter valued at about $252,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of GATX by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company’s stock worth $74,104,000 after acquiring an additional 3,485 shares during the period. Legato Capital Management LLC bought a new stake in shares of GATX during the 4th quarter worth approximately $595,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of GATX during the 4th quarter worth approximately $241,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

GATX has been the subject of several recent research reports. Susquehanna decreased their price target on shares of GATX from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of GATX in a research note on Wednesday, April 23rd.

GATX Stock Performance

GATX stock opened at $150.57 on Friday. The firm’s 50 day simple moving average is $149.44 and its 200 day simple moving average is $155.23. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. The firm has a market capitalization of $5.38 billion, a PE ratio of 19.38 and a beta of 1.18. GATX Co. has a 1-year low of $127.00 and a 1-year high of $168.89.

GATX (NYSE:GATX) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The business had revenue of $421.60 million during the quarter, compared to analysts’ expectations of $417.06 million. During the same quarter in the prior year, the company posted $2.01 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, analysts expect that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, June 13th. GATX’s dividend payout ratio is currently 30.93%.

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.