Cetera Investment Advisers Raises Holdings in GATX Corporation (NYSE:GATX)

Cetera Investment Advisers grew its position in GATX Corporation (NYSE:GATX) by 46.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,965 shares of the transportation company’s stock after buying an additional 1,582 shares during the quarter. Cetera Investment Advisers’ holdings in GATX were worth $771,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GATX. Raymond James Financial Inc. acquired a new stake in GATX in the fourth quarter worth about $5,391,000. Sterling Capital Management LLC grew its holdings in GATX by 826.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,140 shares of the transportation company’s stock worth $177,000 after acquiring an additional 1,017 shares during the period. Barclays PLC grew its holdings in GATX by 24.0% during the fourth quarter. Barclays PLC now owns 83,645 shares of the transportation company’s stock worth $12,961,000 after acquiring an additional 16,194 shares during the period. XTX Topco Ltd acquired a new stake in GATX during the fourth quarter worth about $417,000. Finally, Canada Pension Plan Investment Board grew its holdings in GATX by 225.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 900 shares during the period. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, 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 transaction 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 $537,262.56. The trade was a 34.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin Hillesland sold 2,200 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the transaction, the senior vice president directly owned 7,606 shares of the company’s stock, valued at $1,160,599.54. The trade was a 22.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,700 shares of company stock valued at $3,544,096. 2.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

GATX Stock Performance

Shares of GATX stock opened at $157.14 on Friday. GATX Corporation has a one year low of $127.69 and a one year high of $168.89. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 17.98 and a beta of 1.18. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. The business’s 50 day moving average price is $155.01 and its 200 day moving average price is $154.37.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, July 29th. The transportation company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $425.52 million. On average, research analysts predict that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid 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 dividend yield of 1.6%. GATX’s payout ratio is presently 27.92%.

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.