GATX Co. (NYSE:GATX) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in GATX Co. (NYSE:GATX) by 25.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,230 shares of the transportation company’s stock after acquiring an additional 665 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in GATX were worth $500,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in GATX during the fourth quarter worth $55,496,000. Ensign Peak Advisors Inc increased its stake in GATX by 2,826.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company’s stock valued at $54,432,000 after purchasing an additional 339,262 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of GATX by 103.4% during the 4th quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company’s stock valued at $56,479,000 after acquiring an additional 185,321 shares during the last quarter. American Century Companies Inc. raised its stake in GATX by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company’s stock worth $170,370,000 after purchasing an additional 118,306 shares during the period. Finally, Northern Trust Corp raised its position in shares of GATX by 12.4% in the 4th quarter. Northern Trust Corp now owns 700,603 shares of the transportation company’s stock worth $108,565,000 after buying an additional 77,437 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Up 0.1%

GATX stock opened at $155.88 on Friday. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 20.06 and a beta of 1.19. GATX Co. has a 1-year low of $127.00 and a 1-year high of $168.89. The firm has a fifty day moving average price of $148.59 and a two-hundred day moving average price of $155.36. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41.

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

GATX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, June 13th. GATX’s payout ratio is currently 30.93%.

Insider Transactions at GATX

In other GATX news, EVP Paul F. Titterton sold 18,700 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the sale, the executive vice president now owns 10,468 shares in the company, valued at approximately $1,639,916.88. The trade was a 64.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on GATX shares. The Goldman Sachs Group restated a “buy” rating on shares of GATX in a report on Wednesday, April 23rd. 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.

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.