SG Americas Securities LLC Makes New $1.24 Million Investment in GATX Co. (NYSE:GATX)

SG Americas Securities LLC bought a new stake in shares of GATX Co. (NYSE:GATX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,953 shares of the transportation company’s stock, valued at approximately $1,235,000.

A number of other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in GATX by 44.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company’s stock worth $6,085,000 after acquiring an additional 12,342 shares during the period. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of GATX during the fourth quarter worth about $252,000. Charles Schwab Investment Management Inc. increased its position in shares of GATX by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company’s stock worth $74,104,000 after purchasing an additional 3,485 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of GATX during the fourth quarter worth about $241,000. Finally, JPMorgan Chase & Co. raised its stake in GATX by 81.7% during the 4th quarter. JPMorgan Chase & Co. now owns 168,747 shares of the transportation company’s stock valued at $26,149,000 after acquiring an additional 75,886 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Transactions at GATX

In related news, EVP Paul F. Titterton sold 18,700 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the completion of the transaction, the executive vice president now directly owns 10,468 shares of the company’s stock, valued at approximately $1,639,916.88. This trade represents a 64.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the firm’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total transaction of $278,856.00. Following the transaction, the vice president now directly owns 3,468 shares of the company’s stock, valued at $537,262.56. The trade was a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.17% of the company’s stock.

GATX Stock Up 0.0%

GATX stock opened at $153.27 on Tuesday. The firm has a market cap of $5.47 billion, a PE ratio of 19.73 and a beta of 1.19. 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 $127.70 and a 1 year high of $168.89. The company has a fifty day simple moving average of $149.07 and a 200 day simple moving average of $155.09.

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, beating analysts’ consensus estimates of $2.09 by $0.06. The firm had revenue of $421.60 million for the quarter, compared to analysts’ expectations of $417.06 million. GATX had a net margin of 17.92% and a return on equity of 12.07%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $2.01 earnings per share. Sell-side analysts anticipate that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 1.59%. GATX’s dividend payout ratio is currently 30.93%.

Analyst Ratings Changes

GATX has been the topic of several recent analyst reports. Susquehanna dropped their target price on GATX from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reissued a “buy” rating on shares of GATX in a research note 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.