GATX Co. (NYSE:GATX) Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC grew its holdings in shares of GATX Co. (NYSE:GATX) by 46.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,366 shares of the transportation company’s stock after purchasing an additional 22,619 shares during the period. AE Wealth Management LLC owned approximately 0.20% of GATX worth $9,446,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Canada Pension Plan Investment Board purchased a new position in shares of GATX in the 2nd quarter valued at approximately $53,000. Seven Eight Capital LP purchased a new position in shares of GATX in the second quarter worth $487,000. Hsbc Holdings PLC lifted its stake in shares of GATX by 5.9% during the second quarter. Hsbc Holdings PLC now owns 19,358 shares of the transportation company’s stock worth $2,558,000 after buying an additional 1,081 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of GATX by 7.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,104 shares of the transportation company’s stock worth $542,000 after buying an additional 298 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of GATX by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 208,765 shares of the transportation company’s stock valued at $27,632,000 after buying an additional 7,232 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Performance

Shares of GATX stock opened at $138.05 on Friday. The business has a fifty day moving average of $138.14 and a 200 day moving average of $134.27. GATX Co. has a 1 year low of $97.21 and a 1 year high of $151.33. The company has a debt-to-equity ratio of 3.52, a current ratio of 4.97 and a quick ratio of 4.97. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 19.67 and a beta of 0.96.

GATX (NYSE:GATX) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). GATX had a return on equity of 10.61% and a net margin of 15.86%. The firm had revenue of $386.70 million for the quarter, compared to analyst estimates of $385.45 million. During the same period last year, the firm earned $1.73 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, research analysts expect that GATX Co. will post 7.5 earnings per share for the current year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.68%. GATX’s payout ratio is currently 33.05%.

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.