GATX Corporation (NYSE:GATX) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of GATX Corporation (NYSE:GATX) by 10.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 198,255 shares of the transportation company’s stock after buying an additional 18,363 shares during the period. Natixis Advisors LLC owned 0.56% of GATX worth $30,784,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of GATX by 0.9% in the first quarter. Principal Financial Group Inc. now owns 82,389 shares of the transportation company’s stock valued at $12,793,000 after buying an additional 767 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in GATX by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,356 shares of the transportation company’s stock valued at $521,000 after acquiring an additional 126 shares during the period. Teacher Retirement System of Texas increased its holdings in GATX by 29.4% in the 1st quarter. Teacher Retirement System of Texas now owns 8,796 shares of the transportation company’s stock worth $1,366,000 after acquiring an additional 1,997 shares in the last quarter. Janney Montgomery Scott LLC raised its position in GATX by 6.1% during the first quarter. Janney Montgomery Scott LLC now owns 2,523 shares of the transportation company’s stock worth $392,000 after acquiring an additional 146 shares during the period. Finally, GAMMA Investing LLC raised its position in GATX by 337.8% during the first quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company’s stock worth $356,000 after acquiring an additional 1,770 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Trading Down 1.7%

Shares of GATX opened at $152.59 on Friday. GATX Corporation has a 52-week low of $127.69 and a 52-week high of $168.89. The stock has a market cap of $5.45 billion, a PE ratio of 17.46 and a beta of 1.16. The firm’s fifty day moving average is $154.59 and its two-hundred day moving average is $154.67. The company has a quick ratio of 4.14, a current ratio of 2.93 and a debt-to-equity ratio of 3.27.

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

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. GATX’s dividend payout ratio (DPR) is currently 30.93%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Susquehanna dropped their target price on shares of 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 reaffirmed a “buy” rating on shares of GATX in a research note on Wednesday, April 23rd.

Insider Activity at GATX

In other news, EVP Paul F. Titterton sold 18,700 shares of GATX stock in a transaction on 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 transaction, the executive vice president owned 10,468 shares in the company, valued at $1,639,916.88. The trade was a 64.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer Mcmanus sold 1,800 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $154.92, for a total transaction of $278,856.00. Following the completion of the sale, the vice president directly owned 3,468 shares of the company’s stock, valued at $537,262.56. This represents a 34.17% decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by company insiders.

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.