Seven Eight Capital LP acquired a new position in GATX Co. (NYSE:GATX – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,681 shares of the transportation company’s stock, valued at approximately $487,000.
Other hedge funds have also modified their holdings of the company. Gradient Investments LLC acquired a new position in GATX in the 2nd quarter worth about $25,000. CWM LLC lifted its position in shares of GATX by 155.7% during the 1st quarter. CWM LLC now owns 335 shares of the transportation company’s stock valued at $45,000 after buying an additional 204 shares in the last quarter. Mather Group LLC. acquired a new stake in GATX in the 1st quarter valued at $54,000. Innealta Capital LLC purchased a new stake in GATX in the 2nd quarter worth $82,000. Finally, Hilltop National Bank raised its position in GATX by 11.2% during the second quarter. Hilltop National Bank now owns 803 shares of the transportation company’s stock worth $106,000 after acquiring an additional 81 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.
GATX Stock Down 0.7 %
Shares of NYSE GATX opened at $138.07 on Monday. GATX Co. has a 52-week low of $97.21 and a 52-week high of $151.33. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 3.52. The company’s 50-day simple moving average is $138.14 and its 200-day simple moving average is $134.33. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 19.67 and a beta of 0.96.
GATX Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.58 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.32 dividend on an annualized basis and a yield of 1.68%. GATX’s payout ratio is currently 33.05%.
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.
Recommended Stories
- Five stocks we like better than GATX
- Russell 2000 Index, How Investors Use it For Profitable Trading
- 3 Stocks That Could Rise on European Bank Interest Rate Cuts
- Which Wall Street Analysts are the Most Accurate?
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- Roth IRA Calculator: Calculate Your Potential Returns
- MarketBeat Week in Review – 9/16 – 9/20
Receive News & Ratings for GATX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX and related companies with MarketBeat.com's FREE daily email newsletter.