GATX Co. (NYSE:GATX) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its position in shares of GATX Co. (NYSE:GATX) by 20.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,607 shares of the transportation company’s stock after selling 4,088 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in GATX were worth $2,418,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of GATX. UMB Bank n.a. boosted its stake in shares of GATX by 91.8% during the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock worth $25,000 after acquiring an additional 78 shares in the last quarter. Assetmark Inc. boosted its stake in shares of GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of GATX during the 4th quarter worth $39,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of GATX in the fourth quarter worth $46,000. Finally, Huntington National Bank boosted its position in shares of GATX by 54.3% in the fourth quarter. Huntington National Bank now owns 344 shares of the transportation company’s stock worth $53,000 after buying an additional 121 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Price Performance

Shares of NYSE:GATX opened at $148.45 on Wednesday. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. GATX Co. has a 1 year low of $127.00 and a 1 year high of $168.89. The business has a fifty day simple moving average of $149.37 and a 200 day simple moving average of $155.49. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 19.11 and a beta of 1.18.

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

GATX Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, June 13th. This represents a $2.44 annualized dividend and a yield of 1.64%. GATX’s dividend payout ratio (DPR) is currently 30.93%.

Analysts Set New Price Targets

Several analysts have recently commented on GATX shares. Susquehanna decreased their target price on 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 report on Wednesday, April 23rd.

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.