GATX Co. (NYSE:GATX) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in shares of GATX Co. (NYSE:GATX) by 872.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 564 shares of the transportation company’s stock after buying an additional 506 shares during the quarter. Farther Finance Advisors LLC’s holdings in GATX were worth $75,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its position in shares of GATX by 1.6% in the third quarter. US Bancorp DE now owns 29,965 shares of the transportation company’s stock worth $3,969,000 after acquiring an additional 463 shares during the period. Nisa Investment Advisors LLC raised its holdings in GATX by 1.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,511 shares of the transportation company’s stock worth $1,392,000 after purchasing an additional 193 shares during the period. State of Alaska Department of Revenue boosted its position in GATX by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 4,114 shares of the transportation company’s stock worth $544,000 after purchasing an additional 280 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in GATX in the third quarter valued at approximately $3,922,000. Finally, Blue Trust Inc. increased its position in shares of GATX by 25.7% in the third quarter. Blue Trust Inc. now owns 4,412 shares of the transportation company’s stock valued at $584,000 after buying an additional 903 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Transactions at GATX

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

Analyst Ratings Changes

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

GATX Stock Down 0.8 %

GATX opened at $153.02 on Wednesday. The company has a market cap of $5.43 billion, a PE ratio of 20.46 and a beta of 0.95. GATX Co. has a twelve month low of $106.45 and a twelve month high of $156.03. The company has a 50-day moving average price of $137.29 and a 200 day moving average price of $136.17. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41.

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

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 annualized dividend and a yield of 1.52%. GATX’s dividend payout ratio (DPR) is presently 31.02%.

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.