Ethic Inc. Buys New Position in GATX Co. (NYSE:GATX)

Ethic Inc. bought a new stake in shares of GATX Co. (NYSE:GATX) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 1,518 shares of the transportation company’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in GATX by 44.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company’s stock worth $6,085,000 after purchasing an additional 12,342 shares during the last quarter. Bradley Foster & Sargent Inc. CT purchased a new stake in GATX during the 4th quarter worth approximately $252,000. Charles Schwab Investment Management Inc. increased its holdings in shares of GATX by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company’s stock valued at $74,104,000 after acquiring an additional 3,485 shares during the last quarter. Legato Capital Management LLC bought a new stake in shares of GATX in the 4th quarter valued at approximately $595,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of GATX in the 4th quarter valued at approximately $241,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GATX shares. Susquehanna lowered their price target on GATX from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of GATX in a report on Wednesday, April 23rd.

GATX Price Performance

Shares of NYSE GATX opened at $150.57 on Friday. GATX Co. has a twelve month low of $127.00 and a twelve month high of $168.89. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 19.38 and a beta of 1.18. The business has a 50 day simple moving average of $149.44 and a 200-day simple moving average of $155.33.

GATX (NYSE:GATX) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.06. GATX had a return on equity of 12.07% and a net margin of 17.92%. The business had revenue of $421.60 million during the quarter, compared to analyst estimates of $417.06 million. During the same quarter in the previous year, the firm posted $2.01 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts expect that GATX Co. will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 1.62%. GATX’s dividend payout ratio is currently 30.93%.

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.