Cwm LLC Grows Position in GATX Corporation (NYSE:GATX)

Cwm LLC increased its position in shares of GATX Corporation (NYSE:GATX) by 12.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 621 shares of the transportation company’s stock after buying an additional 70 shares during the quarter. Cwm LLC’s holdings in GATX were worth $96,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of GATX in the 4th quarter valued at approximately $55,496,000. GAMMA Investing LLC grew its stake in shares of GATX by 67,875.0% in the 1st quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company’s stock valued at $55,305,000 after purchasing an additional 355,665 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in shares of 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 buying an additional 339,262 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of GATX by 103.4% in the fourth quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company’s stock valued at $56,479,000 after buying an additional 185,321 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of GATX by 12.4% in the fourth quarter. Northern Trust Corp now owns 700,603 shares of the transportation company’s stock valued at $108,565,000 after buying an additional 77,437 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Paul F. Titterton sold 18,700 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total value of $2,929,542.00. Following the completion of the transaction, the executive vice president directly owned 10,468 shares of the company’s stock, valued at $1,639,916.88. The trade was a 64.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jennifer Mcmanus sold 1,800 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the completion of the transaction, the vice president directly owned 3,468 shares of the company’s stock, valued at approximately $537,262.56. This trade represents 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.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GATX. Susquehanna decreased their price target on GATX from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group restated a “buy” rating on shares of GATX in a research note on Wednesday, April 23rd.

GATX Stock Performance

Shares of GATX stock opened at $155.29 on Thursday. The stock has a fifty day moving average price of $154.26 and a 200 day moving average price of $154.65. The stock has a market cap of $5.54 billion, a PE ratio of 17.77 and a beta of 1.16. GATX Corporation has a 1 year low of $127.69 and a 1 year high of $168.89. The company has a debt-to-equity ratio of 3.31, a quick ratio of 4.14 and a current ratio of 4.28.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.11. The firm had revenue of $430.50 million during the quarter, compared to analysts’ expectations of $425.52 million. GATX had a return on equity of 12.52% and a net margin of 19.13%. Sell-side analysts forecast that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.61 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.57%. GATX’s dividend payout ratio (DPR) is 30.93%.

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.