Algert Global LLC Purchases Shares of 3,400 GATX Co. (NYSE:GATX)

Algert Global LLC acquired a new position in GATX Co. (NYSE:GATX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,400 shares of the transportation company’s stock, valued at approximately $450,000.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position 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 raised its holdings in shares of GATX by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company’s stock valued at $412,710,000 after buying an additional 68,243 shares during the period. Sei Investments Co. lifted its position in GATX by 4.9% during the 2nd quarter. Sei Investments Co. now owns 869,643 shares of the transportation company’s stock worth $115,106,000 after acquiring an additional 40,924 shares in the last quarter. American Century Companies Inc. boosted its holdings in GATX by 16.9% in the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock worth $110,074,000 after acquiring an additional 120,149 shares during the period. Finally, Bank of New York Mellon Corp grew its position in 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 acquiring an additional 5,686 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Trading Up 2.8 %

NYSE GATX opened at $133.25 on Tuesday. The stock has a market cap of $4.74 billion, a P/E ratio of 18.98 and a beta of 0.95. The company’s fifty day simple moving average is $136.23 and its 200-day simple moving average is $134.45. 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 Co. has a 52 week low of $97.21 and a 52 week high of $151.33.

GATX (NYSE:GATX) last issued 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). 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 prior year, the firm earned $1.73 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts predict that GATX Co. will post 7.5 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.74%. GATX’s dividend payout ratio (DPR) is presently 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.