Gabelli Funds LLC Reduces Stake in GATX Co. (NYSE:GATX)

Gabelli Funds LLC cut its stake in shares of GATX Co. (NYSE:GATX) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,074,700 shares of the transportation company’s stock after selling 18,600 shares during the period. GATX accounts for about 1.1% of Gabelli Funds LLC’s investment portfolio, making the stock its 8th biggest holding. Gabelli Funds LLC owned 3.02% of GATX worth $142,247,000 as of its most recent filing with the SEC.

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

GATX Price Performance

Shares of GATX stock opened at $138.07 on Friday. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 19.67 and a beta of 0.96. GATX Co. has a twelve month low of $97.21 and a twelve month 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 has a 50-day simple moving average of $138.14 and a two-hundred day simple moving average of $134.30.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share (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 quarter in the previous year, the company earned $1.73 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts forecast that GATX Co. will post 7.5 EPS for the current year.

GATX Dividend Announcement

The firm also recently declared 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 payout ratio is 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.