1,345 Shares in GATX Corporation (NYSE:GATX) Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH purchased a new stake in GATX Corporation (NYSE:GATX) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,345 shares of the transportation company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in GATX by 67,875.0% in the 1st quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company’s stock worth $55,305,000 after acquiring an additional 355,665 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings 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 purchasing an additional 339,262 shares during the period. Ameriprise Financial Inc. raised 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 worth $56,479,000 after purchasing an additional 185,321 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of GATX by 12.4% during the fourth quarter. Northern Trust Corp now owns 700,603 shares of the transportation company’s stock worth $108,565,000 after purchasing an additional 77,437 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in GATX by 81.7% in the fourth quarter. JPMorgan Chase & Co. now owns 168,747 shares of the transportation company’s stock valued at $26,149,000 after buying an additional 75,886 shares during the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at GATX

In related news, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the completion of the transaction, the senior vice president owned 7,606 shares in the company, valued at $1,160,599.54. The trade was a 22.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul F. Titterton sold 18,700 shares of the company’s stock in a transaction dated 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,700 shares of company stock valued at $3,544,096. Corporate insiders own 2.17% of the company’s stock.

GATX Stock Up 0.1%

GATX stock opened at $149.36 on Tuesday. The business’s 50-day moving average price is $154.79 and its 200 day moving average price is $154.60. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 3.27. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 17.09 and a beta of 1.18. GATX Corporation has a 52 week low of $127.69 and a 52 week high of $168.89.

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

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. GATX’s payout ratio is presently 27.92%.

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.