Park Avenue Securities LLC Increases Stock Position in GATX Co. (NYSE:GATX)

Park Avenue Securities LLC boosted its stake in GATX Co. (NYSE:GATX) by 33.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,089 shares of the transportation company’s stock after acquiring an additional 1,280 shares during the quarter. Park Avenue Securities LLC’s holdings in GATX were worth $789,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wolff Wiese Magana LLC acquired a new position in GATX during the third quarter worth about $28,000. Quarry LP purchased a new stake in GATX in the 2nd quarter valued at about $37,000. Versant Capital Management Inc lifted its position in GATX by 184.6% in the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company’s stock valued at $40,000 after buying an additional 168 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in GATX in the 2nd quarter valued at approximately $53,000. Finally, CWM LLC boosted its holdings in GATX by 20.2% during the 3rd quarter. CWM LLC now owns 487 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 82 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on GATX shares. Susquehanna boosted their target price on GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price on the stock. in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group initiated coverage on GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $151.80.

GATX Price Performance

Shares of NYSE:GATX opened at $155.20 on Wednesday. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 20.75 and a beta of 0.99. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. GATX Co. has a 12 month low of $117.36 and a 12 month high of $167.74. The business’s 50 day simple moving average is $157.25 and its 200-day simple moving average is $144.81.

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, topping analysts’ consensus estimates of $1.96 by $0.54. The company had revenue of $405.40 million during the quarter, compared to analysts’ expectations of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 earnings per share. As a group, equities analysts forecast that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Friday, December 13th. GATX’s dividend payout ratio (DPR) is 31.02%.

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.