Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in GATX Co. (NYSE:GATX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in GATX Co. (NYSE:GATX) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,344 shares of the transportation company’s stock after purchasing an additional 837 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GATX were worth $972,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in GATX by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,917,862 shares of the transportation company’s stock valued at $471,005,000 after purchasing an additional 14,420 shares during the period. Earnest Partners LLC increased its holdings in GATX by 2.7% in the 1st quarter. Earnest Partners LLC now owns 3,049,841 shares of the transportation company’s stock worth $408,770,000 after acquiring an additional 80,087 shares in the last quarter. Sei Investments Co. raised its position in GATX by 5.7% during the first quarter. Sei Investments Co. now owns 828,719 shares of the transportation company’s stock worth $111,073,000 after acquiring an additional 44,517 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in GATX by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 447,361 shares of the transportation company’s stock valued at $53,782,000 after purchasing an additional 6,476 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of GATX by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 378,274 shares of the transportation company’s stock valued at $50,068,000 after purchasing an additional 5,686 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Down 4.2 %

GATX stock opened at $135.18 on Wednesday. The stock has a market capitalization of $4.81 billion, a P/E ratio of 19.26 and a beta of 0.96. GATX Co. has a 52 week low of $97.21 and a 52 week high of $151.33. The firm has a 50-day simple moving average of $137.87 and a 200-day simple moving average of $133.53. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 3.52.

GATX (NYSE:GATX) last announced 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). The firm had revenue of $386.70 million for the quarter, compared to analyst estimates of $385.45 million. GATX had a net margin of 15.86% and a return on equity of 10.61%. GATX’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.73 EPS. Equities analysts forecast that GATX Co. will post 7.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.32 annualized dividend and a yield of 1.72%. GATX’s dividend payout ratio is presently 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.