Seven Eight Capital LP Purchases New Shares in GATX Co. (NYSE:GATX)

Seven Eight Capital LP acquired a new position in GATX Co. (NYSE:GATX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,681 shares of the transportation company’s stock, valued at approximately $487,000.

Other hedge funds have also modified their holdings of the company. Gradient Investments LLC acquired a new position in GATX in the 2nd quarter worth about $25,000. CWM LLC lifted its position in shares of GATX by 155.7% during the 1st quarter. CWM LLC now owns 335 shares of the transportation company’s stock valued at $45,000 after buying an additional 204 shares in the last quarter. Mather Group LLC. acquired a new stake in GATX in the 1st quarter valued at $54,000. Innealta Capital LLC purchased a new stake in GATX in the 2nd quarter worth $82,000. Finally, Hilltop National Bank raised its position in GATX by 11.2% during the second quarter. Hilltop National Bank now owns 803 shares of the transportation company’s stock worth $106,000 after acquiring an additional 81 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Stock Down 0.7 %

Shares of NYSE GATX opened at $138.07 on Monday. GATX Co. has a 52-week low of $97.21 and a 52-week high of $151.33. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 3.52. The company’s 50-day simple moving average is $138.14 and its 200-day simple moving average is $134.33. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 19.67 and a beta of 0.96.

GATX (NYSE:GATX) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $385.45 million. During the same quarter in the previous year, the firm posted $1.73 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts predict that GATX Co. will post 7.5 EPS for the current fiscal year.

GATX Announces Dividend

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

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.