Cwm LLC Boosts Stake in GATX Co. (NYSE:GATX)

Cwm LLC grew its stake in shares of GATX Co. (NYSE:GATX) by 20.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 487 shares of the transportation company’s stock after buying an additional 82 shares during the quarter. Cwm LLC’s holdings in GATX were worth $65,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of GATX by 2.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company’s stock valued at $335,000 after purchasing an additional 71 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in GATX by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the transportation company’s stock worth $604,000 after acquiring an additional 78 shares during the last quarter. Hilltop National Bank grew its holdings in GATX by 11.2% in the 2nd 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 last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in GATX by 2.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,749 shares of the transportation company’s stock worth $637,000 after acquiring an additional 91 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its holdings in GATX by 5.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,843 shares of the transportation company’s stock worth $244,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Trading Down 0.8 %

Shares of NYSE GATX opened at $137.81 on Monday. GATX Co. has a 1 year low of $101.31 and a 1 year high of $151.33. The stock has a market cap of $4.91 billion, a P/E ratio of 19.63 and a beta of 0.95. The firm has a 50-day moving average of $135.94 and a 200 day moving average of $134.75. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 4.97.

GATX (NYSE:GATX) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The firm had revenue of $405.40 million during the quarter, compared to analyst estimates of $391.65 million. During the same period in the previous year, the business posted $1.44 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, sell-side analysts expect that GATX Co. will post 7.6 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.68%. GATX’s dividend payout ratio is 33.05%.

Wall Street Analyst Weigh In

Separately, Susquehanna raised their price target on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

Insider Buying and Selling

In other GATX news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the stock in a transaction on Wednesday, October 9th. The stock was acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the transaction, the insider now directly owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

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.