GATX Co. (NYSE:GATX) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in GATX Co. (NYSE:GATX) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,773 shares of the transportation company’s stock after buying an additional 3,769 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in GATX were worth $12,023,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GATX. Tidal Investments LLC acquired a new stake in GATX during the 1st quarter worth $351,000. Park Avenue Securities LLC raised its stake in GATX by 3.3% during the 2nd quarter. Park Avenue Securities LLC now owns 4,750 shares of the transportation company’s stock worth $629,000 after acquiring an additional 150 shares in the last quarter. SG Americas Securities LLC raised its stake in GATX by 108.4% during the 2nd quarter. SG Americas Securities LLC now owns 5,751 shares of the transportation company’s stock worth $761,000 after acquiring an additional 2,992 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in GATX by 2.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company’s stock worth $335,000 after acquiring an additional 71 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in GATX by 8.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,144 shares of the transportation company’s stock worth $681,000 after acquiring an additional 395 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

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 on Wednesday, October 9th. The stock was bought at an average price of $133.65 per share, with a total value of $1,200,711.60. Following the completion of the acquisition, the insider now owns 3,312,294 shares in the company, valued at $442,688,093.10. The trade was a 0.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

GATX Stock Performance

Shares of GATX opened at $160.83 on Friday. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41. The stock has a market capitalization of $5.71 billion, a P/E ratio of 21.50 and a beta of 0.99. The company’s fifty day moving average is $145.72 and its two-hundred day moving average is $139.57. GATX Co. has a 1 year low of $111.13 and a 1 year high of $167.25.

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

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 annualized dividend and a yield of 1.44%. GATX’s dividend payout ratio is currently 31.02%.

Analyst Ratings Changes

GATX has been the topic of several research analyst reports. Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a research note on Wednesday. The Goldman Sachs Group initiated coverage on shares of GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 price target for the company. Finally, Susquehanna increased their price target on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $151.80.

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.