Handelsbanken Fonder AB Grows Position in GATX Co. (NYSE:GATX)

Handelsbanken Fonder AB raised its stake in GATX Co. (NYSE:GATX) by 18.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,330 shares of the transportation company’s stock after acquiring an additional 1,300 shares during the period. Handelsbanken Fonder AB’s holdings in GATX were worth $1,103,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GATX. Gradient Investments LLC bought a new position in GATX during the second quarter valued at $25,000. Quarry LP bought a new position in shares of GATX in the 2nd quarter valued at about $37,000. CWM LLC grew its position in GATX by 155.7% in the first quarter. CWM LLC now owns 335 shares of the transportation company’s stock worth $45,000 after acquiring an additional 204 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in GATX during the second quarter worth approximately $53,000. Finally, Mather Group LLC. purchased a new stake in GATX during the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Buying and Selling at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of GATX stock in a transaction dated Wednesday, October 9th. The shares were purchased at an average cost of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the acquisition, the insider now owns 3,312,294 shares in the company, valued at $442,688,093.10. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

GATX Price Performance

Shares of GATX stock opened at $133.14 on Friday. The stock has a 50 day moving average price of $135.90 and a 200-day moving average price of $134.48. GATX Co. has a one year low of $97.21 and a one year high of $151.33. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 18.97 and a beta of 0.95. The company has a debt-to-equity ratio of 3.52, a quick ratio of 4.97 and a current ratio of 4.97.

GATX (NYSE:GATX) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). GATX had a net margin of 15.86% and a return on equity of 10.61%. The firm had revenue of $386.70 million for the quarter, compared to the consensus estimate of $385.45 million. During the same quarter last year, the firm earned $1.73 EPS. The company’s revenue was up 12.7% on a year-over-year basis. Equities analysts expect that GATX Co. will post 7.5 EPS for the current year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, September 13th. GATX’s payout ratio is currently 33.05%.

GATX Company 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.