Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,190 Shares of GATX Corporation (NYSE:GATX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in GATX Corporation (NYSE:GATX) by 15.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,899 shares of the transportation company’s stock after acquiring an additional 1,190 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GATX were worth $1,382,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GATX. CWM LLC increased its position in GATX by 12.7% during the 1st quarter. CWM LLC now owns 621 shares of the transportation company’s stock valued at $96,000 after buying an additional 70 shares in the last quarter. State of Alaska Department of Revenue increased its position in GATX by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company’s stock valued at $644,000 after buying an additional 95 shares in the last quarter. State of Michigan Retirement System increased its position in GATX by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,512 shares of the transportation company’s stock valued at $1,322,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its position in GATX by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the transportation company’s stock valued at $1,553,000 after buying an additional 100 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its position in GATX by 6.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,753 shares of the transportation company’s stock valued at $272,000 after buying an additional 109 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Trading Down 2.4%

Shares of GATX stock opened at $149.09 on Monday. GATX Corporation has a 12-month low of $127.69 and a 12-month high of $168.89. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. The stock’s 50-day moving average price is $154.68 and its 200-day moving average price is $154.64. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 17.06 and a beta of 1.18.

GATX (NYSE:GATX) last issued its quarterly earnings data 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 return on equity of 12.52% and a net margin of 19.13%. The company had revenue of $430.50 million for the quarter, compared to analysts’ expectations of $425.52 million. Equities research analysts predict that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. GATX’s payout ratio is 27.92%.

Wall Street Analyst Weigh In

A number of research firms have commented on GATX. Susquehanna reduced their target price on GATX from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group reissued a “buy” rating on shares of GATX in a report on Wednesday, April 23rd.

Insider Buying and Selling at GATX

In related news, VP Jennifer Mcmanus sold 1,800 shares of the business’s stock in a transaction that occurred 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 sale, the vice president owned 3,468 shares in the company, valued at approximately $537,262.56. The trade was a 34.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul F. Titterton sold 18,700 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total value of $2,929,542.00. Following the completion of the sale, the executive vice president owned 10,468 shares of the company’s stock, valued at $1,639,916.88. The trade was a 64.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock worth $3,544,096 over the last 90 days. Company insiders own 2.17% of the company’s stock.

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.