GATX Co. (NYSE:GATX) Stock Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in GATX Co. (NYSE:GATX) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,138 shares of the transportation company’s stock after buying an additional 163 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in GATX were worth $1,940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC grew its holdings in shares of GATX by 1.4% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 9,323 shares of the transportation company’s stock valued at $1,121,000 after purchasing an additional 130 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of GATX during the third quarter valued at approximately $549,000. Illinois Municipal Retirement Fund bought a new position in GATX in the 3rd quarter worth approximately $632,000. Quantbot Technologies LP bought a new position in GATX in the 3rd quarter worth approximately $1,089,000. Finally, Campbell & CO Investment Adviser LLC grew its holdings in GATX by 299.1% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 11,279 shares of the transportation company’s stock worth $1,227,000 after buying an additional 8,453 shares in the last quarter. 93.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GATX shares. Susquehanna increased their price objective on GATX from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. TD Cowen increased their price objective on GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Company increased their price objective on GATX from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th.

Insider Activity

In other news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $133.83, for a total transaction of $294,426.00. Following the completion of the sale, the senior vice president now owns 7,711 shares in the company, valued at approximately $1,031,963.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the completion of the sale, the chief executive officer now owns 44,710 shares in the company, valued at approximately $5,620,047. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $133.83, for a total value of $294,426.00. Following the completion of the sale, the senior vice president now owns 7,711 shares of the company’s stock, valued at approximately $1,031,963.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,694 shares of company stock worth $5,040,656. Insiders own 1.80% of the company’s stock.

GATX Stock Performance

GATX opened at $129.98 on Friday. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 18.18 and a beta of 0.98. The company has a debt-to-equity ratio of 3.26, a current ratio of 2.79 and a quick ratio of 2.79. GATX Co. has a 1-year low of $97.21 and a 1-year high of $135.65. The business has a 50 day moving average price of $129.76 and a two-hundred day moving average price of $119.47.

GATX (NYSE:GATX) last released its earnings results on Tuesday, January 23rd. The transportation company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.16. The firm had revenue of $368.70 million during the quarter, compared to the consensus estimate of $365.32 million. GATX had a return on equity of 11.81% and a net margin of 18.37%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 earnings per share. Research analysts predict that GATX Co. will post 7.53 EPS for the current fiscal year.

GATX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, March 1st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from GATX’s previous quarterly dividend of $0.55. GATX’s dividend payout ratio is 32.45%.

About GATX

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.