State of New Jersey Common Pension Fund D Has $1.87 Million Stock Holdings in GATX Co. (NYSE:GATX)

State of New Jersey Common Pension Fund D increased its position in shares of GATX Co. (NYSE:GATX) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,142 shares of the transportation company’s stock after buying an additional 163 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in GATX were worth $1,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of GATX by 16.9% during the second quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock valued at $110,074,000 after buying an additional 120,149 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of GATX by 2.7% in the first quarter. Earnest Partners LLC now owns 3,049,841 shares of the transportation company’s stock valued at $408,770,000 after purchasing an additional 80,087 shares in the last quarter. Sei Investments Co. boosted its position in shares of GATX by 4.9% during the second quarter. Sei Investments Co. now owns 869,643 shares of the transportation company’s stock valued at $115,106,000 after buying an additional 40,924 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of GATX during the third quarter valued at approximately $3,922,000. Finally, AE Wealth Management LLC grew its holdings in GATX by 46.4% during the second quarter. AE Wealth Management LLC now owns 71,366 shares of the transportation company’s stock worth $9,446,000 after buying an additional 22,619 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

Insider Buying and Selling at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of GATX stock in a transaction dated Wednesday, October 9th. The stock was purchased at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the purchase, the insider now directly owns 3,312,294 shares of the company’s stock, valued at approximately $442,688,093.10. This trade represents a 0.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GATX. Susquehanna lifted their price objective on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. The Goldman Sachs Group started coverage on shares of GATX in a research report on Monday. They set a “buy” rating and a $185.00 price target on the stock.

GATX Trading Up 0.5 %

Shares of GATX stock opened at $152.33 on Tuesday. The firm has a market cap of $5.41 billion, a PE ratio of 20.36 and a beta of 0.95. GATX Co. has a 1 year low of $106.92 and a 1 year high of $156.03. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. The stock has a fifty day moving average price of $138.40 and a 200-day moving average price of $136.76.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, topping the consensus estimate of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The business had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts anticipate that GATX Co. will post 7.6 EPS for the current year.

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, December 13th. GATX’s dividend payout ratio is currently 31.02%.

About GATX

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.