Profund Advisors LLC Reduces Position in GATX Co. (NYSE:GATX)

Profund Advisors LLC trimmed its holdings in GATX Co. (NYSE:GATX) by 13.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,674 shares of the transportation company’s stock after selling 271 shares during the quarter. Profund Advisors LLC’s holdings in GATX were worth $222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in GATX by 2.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company’s stock worth $335,000 after buying an additional 71 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of GATX by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the transportation company’s stock worth $604,000 after acquiring an additional 78 shares during the last quarter. Hilltop National Bank raised its holdings in shares of GATX by 11.2% during the 2nd 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. Quadrature Capital Ltd boosted its position in shares of GATX by 3.1% during the 4th quarter. Quadrature Capital Ltd now owns 2,969 shares of the transportation company’s stock valued at $357,000 after acquiring an additional 90 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of GATX by 2.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,749 shares of the transportation company’s stock valued at $637,000 after purchasing an additional 91 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Price Performance

GATX stock opened at $133.33 on Friday. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 3.52. The stock has a market cap of $4.75 billion, a P/E ratio of 18.99 and a beta of 0.96. The company has a 50-day moving average price of $137.08 and a 200 day moving average price of $134.42. GATX Co. has a 12-month low of $97.21 and a 12-month high of $151.33.

GATX (NYSE:GATX) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). The firm had revenue of $386.70 million for the quarter, compared to analysts’ expectations of $385.45 million. GATX had a net margin of 15.86% and a return on equity of 10.61%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.73 EPS. Sell-side analysts anticipate 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. Investors of record on Friday, September 13th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, September 13th. 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.