JPMorgan Chase & Co. Purchases 15,092 Shares of GATX Co. (NYSE:GATX)

JPMorgan Chase & Co. lifted its holdings in GATX Co. (NYSE:GATX) by 19.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,861 shares of the transportation company’s stock after acquiring an additional 15,092 shares during the period. JPMorgan Chase & Co. owned approximately 0.26% of GATX worth $12,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new stake in GATX in the third quarter worth $28,000. Quarry LP acquired a new stake in shares of GATX in the 2nd quarter valued at about $37,000. Canada Pension Plan Investment Board acquired a new stake in shares of GATX in the 2nd quarter valued at about $53,000. CWM LLC raised its stake in GATX by 20.2% during the 3rd quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after buying an additional 82 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in GATX by 872.4% in the third quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company’s stock worth $75,000 after acquiring an additional 506 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Price Performance

Shares of NYSE:GATX opened at $150.26 on Friday. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. The stock has a market cap of $5.33 billion, a PE ratio of 20.09 and a beta of 0.99. The stock’s fifty day simple moving average is $156.67 and its two-hundred day simple moving average is $143.66. GATX Co. has a 1-year low of $114.78 and a 1-year high of $167.74.

GATX (NYSE:GATX) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. During the same period last year, the firm earned $1.44 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. As a group, analysts forecast that GATX Co. will post 7.6 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a yield of 1.54%. GATX’s dividend payout ratio (DPR) is currently 31.02%.

Analysts Set New Price Targets

Several research firms have recently commented on GATX. The Goldman Sachs Group began coverage on GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 price objective for the company. Susquehanna upped 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. Finally, Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $151.80.

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.