Mather Group LLC. Takes $54,000 Position in GATX Co. (NYSE:GATX)

Mather Group LLC. bought a new position in GATX Co. (NYSE:GATX) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 404 shares of the transportation company’s stock, valued at approximately $54,000.

Other large investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in shares of GATX during the 3rd quarter worth $27,000. GAMMA Investing LLC bought a new stake in GATX during the fourth quarter valued at about $32,000. Headinvest LLC acquired a new stake in shares of GATX in the third quarter valued at about $33,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of GATX in the fourth quarter worth about $36,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of GATX during the 4th quarter worth about $42,000. Institutional investors own 93.14% of the company’s stock.

Insider Transactions at GATX

In related news, Director Anne L. Arvia sold 1,000 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $131.98, for a total value of $131,980.00. Following the sale, the director now owns 32,477 shares of the company’s stock, valued at approximately $4,286,314.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $139.66, for a total value of $670,368.00. Following the transaction, the vice president now directly owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne L. Arvia sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $131.98, for a total value of $131,980.00. Following the sale, the director now directly owns 32,477 shares of the company’s stock, valued at $4,286,314.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,800 shares of company stock valued at $2,056,678. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Susquehanna lifted their price target on GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th.

GATX Price Performance

Shares of GATX stock opened at $132.33 on Monday. GATX Co. has a 12 month low of $97.21 and a 12 month high of $141.24. The company has a market capitalization of $4.71 billion, a P/E ratio of 18.85 and a beta of 1.00. The stock has a 50 day moving average of $131.93 and a two-hundred day moving average of $127.36. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 3.28.

GATX (NYSE:GATX) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.29. The firm had revenue of $379.90 million for the quarter, compared to analyst estimates of $375.80 million. GATX had a net margin of 17.64% and a return on equity of 11.29%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 EPS. As a group, equities analysts expect that GATX Co. will post 7.61 EPS for the current year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, June 14th. GATX’s payout ratio is 33.05%.

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.