Mutual of America Capital Management LLC Has $2.70 Million Stock Position in GATX Co. (NYSE:GATX)

Mutual of America Capital Management LLC reduced its stake in shares of GATX Co. (NYSE:GATX) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,385 shares of the transportation company’s stock after selling 768 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of GATX worth $2,698,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in shares of GATX by 78.5% during the first quarter. BNP Paribas Financial Markets now owns 19,186 shares of the transportation company’s stock valued at $2,572,000 after buying an additional 8,435 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in GATX by 89.2% during the second quarter. Kingswood Wealth Advisors LLC now owns 8,273 shares of the transportation company’s stock valued at $1,095,000 after acquiring an additional 3,900 shares during the period. Norges Bank acquired a new position in GATX in the 4th quarter valued at approximately $41,112,000. Vanguard Group Inc. lifted its position in shares of GATX by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,917,862 shares of the transportation company’s stock worth $471,005,000 after acquiring an additional 14,420 shares during the period. Finally, SageView Advisory Group LLC acquired a new stake in shares of GATX during the 4th quarter worth approximately $772,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Stock Performance

Shares of NYSE GATX opened at $137.91 on Wednesday. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 19.65 and a beta of 0.96. GATX Co. has a one year low of $97.21 and a one year high of $151.33. The business has a fifty day simple moving average of $137.73 and a 200 day simple moving average of $134.40. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 3.52.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). The business had revenue of $386.70 million for the quarter, compared to the consensus estimate of $385.45 million. GATX had a return on equity of 10.61% and a net margin of 15.86%. GATX’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.73 earnings per share. Sell-side analysts expect that GATX Co. will post 7.5 EPS for the current year.

GATX Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.68%. GATX’s dividend 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.